Oil Prices Surge on Middle East Unrest, But Downward Trend Ahead - Mike McGlone

Jeremy Szafron, Anchor at Kitco News, sits down with Mike McGlone, Senior Commodities Strategist at Bloomberg Intelligence, to dissect the recent turbulence in the commodities market. In this focused interview, McGlone unpacks the volatile shifts in oil prices triggered by escalating tensions between Iran and Israel, predicting a downturn in WTI prices ahead. Additionally, he delves into the economic factors influencing gold prices, discussing how central bank activities and inflationary pressures could shape future gold trajectories. This insightful conversation provides critical analysis and forecasts for investors watching the commodities space amid geopolitical and economic uncertainties.

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00:00 - Introduction and Overview
01:25 - Mike McGlone on Oil Price Trends
04:47 - Gold Market Dynamics
10:27 - Economic Indicators Influencing Commodities
15:12 - Long-Term Predictions for Oil and Gold

#MikeMcGlone #Commodities #OilPrices #GoldMarket #KitcoNews #FinancialMarkets #Investing #EconomicAnalysis #MarketTrends #interestrates #economy #gold #wticrudeoil
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