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Prospector News Podcast – Mike McGlone “Gold is Going to Lead All Commodities in 2024”
Prospector News Publisher Michae Fox is joined on location at the Mines and Money event in Miami by Mike McGlone Senior Commodities Analyst Bloomberg Intelligence. We discuss the overall commodities markets outlook for 2024.Gold looks to be the best performer while industrial commodities look to have deflationary pressures put on them by high prices and issues in the Chinese economy.
Buoying gold further is that markets continue to have ballooning effect in the US. The Fed is unlikely to ease while the stock market continues to perform. It is Mike thoughts that silver will perform as an industrial metal rather than a precious metal going forward for the year and lag the gold prices.
Posted February 26, 2024
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