Why Gold Prices Continue to Break Records

HSBC Chief Commodities Analyst James Steel discusses the gold market's latest surge, particularly in China and India, as geopolitical risks swirl around other areas of the broader market. James speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
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[@shellywhite2145]

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[@laurawheeler-zh8gv]

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[@shellywhite2145]

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[@laurawheeler-zh8gv]

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[@shellywhite2145]

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[@rustyshackleford2719]

Gold is going way higher and it'll be awesome to watch Bloomberg reporters sit there befuddled.

[@gautamim920]

Not one person is talking about inflation in America. Gold is going because inflation is relentlessly going up. Gold performs well when inflation goes up. There is no way inflation is going down after printing of trillions of dollars.

[@BDK86]

Gold acts as a good alternative savings account.

[@xiphoid2011]

A big reason is the Chinese economy. When the Chinese stock market bubble popped, people moved money into housing. Now the housing bubble popped, the economy is bad, government only allow moving $50k per year to overseas, there have been some chinese regional banks that collapsed too. So gold is one of the few places left to put money. Gold has always been the refuge historically, when emperors and dictators have no problem letting famine, war and revolt starve peasants to death. So this is why Chinese gift gold to children and weddings. Not just for good fortune but also as a safety net. I would guess it's the same for India.

[@ArfatBukharai]

Gold is True Money 💰 Simple is That 😊

[@signalmanfive2127]

Private and brokerage houses are seeing what's coming and it's not going to be fun. There's really nowhere else to go.

[@user-wc5gi2lz3n]

An equities correction would have the opposite effect - it would send more investors into gold ....

[@xiphoid2011]

Maybe initially, but notice how short the last few bear markets have been? Gold then drops as people sell gold to jump back in to buy cheap equity.

[@gwilson664]

The elderly interviewer could use google to answer his questions prior to the interview.

[@mikeward7290]

It takes more dollars to purchase the same oz. of gold / silver / platinum etc.

[@ruggeddiscipline6026]

Wow really 😂😂😂😂

[@jihadhamwi]

To the moon

[@americantarmacker514]

Trouble is ahead

[@farmerfox99]

This is my worry. Is this a sign of great reset?

[@americantarmacker514]

@@farmerfox99 I have never seen the righteous forsaken or Gods seed begging for bread

[@siiwok]

buy DGP NEM AGQ ..massive bull run just started

[@stackbanksofficial]

NO MANS LAND 👑

[@ewtwetrwerwteet]

the greedy chinese are starting to buy silver now, and we all know what happens when they get in. through the roof. they cant help themselves they love to buy high and sell low

[@LeeuwAdelaar-xe7hh]

👏👍

[@ruggeddiscipline6026]

Deception 😂😂😂the USA dollar is dead 😂😂😂

[@enteradj]

Old guy looks out of touch

[@johnblanchard4565]

I'm sure they are lefties,hense incapable of telling the truth