Video News/In Focus with Jeremy Szafron

Gold is holding near record highs above $3,200 an ounce, while U.S. equities, copper, and crude oil tumble. Treasury yields are rising even as the dollar weakens, and volatility is spiking. According to Bloomberg Intelligence’s Mike McGlone, this signals a profound macro shift — one where risk assets are cracking, precious metals are taking the lead, and traditional flight-to-safety assets are failing. In this interview, McGlone joins Kitco News Anchor Jeremy Szafron to explain why the stock market’s valuation peak may have already passed, how gold could rally toward $4,000, and why Bitcoin and U.S. equities remain highly vulnerable. He also warns of a deflationary reset, deepening global recession risks, and a reversal of decades of monetary excess.