May’s consumer price index is set to be released tomorrow morning, and the broad expectation is that inflation will climb higher compared to the previous month’s reading of 4.2%.

Gary Wagner, editor of TheGoldForecast.com, agrees with the consensus expectation.

Gold’s surge to $1,900 an ounce this past month was due largely in part to U.S. dollar weakness, which itself is a function of fiscal spending from the U.S. government as part of Biden’s infrastructure bills.

The question is, can dollar weakness continue?

Why did #silver​ and #gold​, fall the first quarter of 2021? The top experts in the precious metals industry join Miles Franklin's "Mugs & Metals" to discuss. 

Are precious metal markets manipulated? We've compiled a playlist to give you all perspectives on the highly debated topic.

0:00​ Intro

Has the gold price seen its lows for the year? Gold futures finished higher on Monday, with prices for the safe haven getting a boost from progress toward another coronavirus aid package.

This interview was filmed earlier this week with our good friends at silver bullion TV. 

The 100-day and 50-day moving averages for gold have just crossed following months of a consistent differential, and this pattern is indicative of a "sharp drop" down in the gold price, said Gary Wagner, editor of the GoldForecast.com.

This interview was recorded on Tuesday, October 27.

It contains current views on the upcoming presidential election and it's possible affects on gold and silver pricing

Equities markets have seen some strong selling activity in the last week due to lingering uncertainties in the economy, said Gary Wagner, editor of TheGoldForecast.com, who is concerned about gold and silver potentially not holding their base at current levels. 

The annual Jackson Hole Symposium, a gathering of central bankers, economists, and financial institutions, will see its first ever virtual conference this week, and will likely set the tone for further U.S. dollar depreciation, said Gary Wagner, editor of TheGoldForecast.com.
 

Gold prices saw their worst daily drop since 2013 on Tuesday. This sharp pullback was due to profit taking and did not detract from the long-term bullish picture, said Gary Wagner, editor of TheGoldForecast.com. “Personally, I do not believe it’s the end of a bull rally. We have entered some sort of a correction.