Will Rhind: Gold's "Silent" Price Rise Now Driven by Fear, What Comes Next?

Speaking ahead of the global market turmoil seen on August 5, Will Rhind of GraniteShares weighed in on the health of the US economy, saying that "jittery data" has started to spark fear for investors.

Coupled with rising tensions in the Middle East, that's creating a positive environment for gold.

"The big thing that I've been saying all year has been missing is the fear in the market, (and) it certainly seems to be starting to show through in the last few days. That to me has been the big change that has put us to these new levels in gold," he said.

❓What do you think gold's biggest price driver is? Tell us in the comments!

This interview was filmed on August 1, 2024.

#Investing #Economy #Gold

0:00 - Intro
0:29 - Gold benefiting from fear trade
3:38 - Magnificent 7 a mixed bag
6:29 - Bad news is actually bad again
9:42 - Is the US economy healthy?
11:42 - Gold and gold stocks outlook
14:59 - Silver, platinum and palladium
17:04 - Gold set to end the year strong
18:41 - Outro

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