Ira Epstein discusses the current state of the metal markets as of August 17, 2026, noting a reversal in the stock market and a strong energy market with Brent crude reaching $91. He addresses geopolitical tensions involving Iran and the U.S., dismissing the likelihood of military action over the Strait of Hormuz.
Epstein highlights upcoming economic data releases, including U.S. import-export prices and housing statistics, and comments on the seasonal market volatility due to traders' vacations.
Additionally, he observes that gold is trading above its 18-week average, indicating a positive start to the week.
Video Length: 00:08:15
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