Metal Markets Report For Monday, Sept 29
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In this video, Ira Epstein covers the current state of the metal markets, highlighting significant movements in gold, which is approaching the $4,000 mark, and silver, which has surpassed $47. He discusses upcoming economic data releases, including the Redbook weekly retail sales, the Kay Shiller home prices, and the JOLTS report, all of which could impact market conditions.
Epstein also addresses geopolitical developments, such as the peace treaty ultimatum given to Hamas by Israel with U.S. support, and anticipates a potential U.S. government shutdown that could disrupt economic data reporting.
Additionally, he notes the dollar's fluctuations, a significant rally in Bitcoin, and potential increases in OPEC oil production amidst current production shortfalls.
Video Length: 00:08:43
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