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Direxion Daily Junior Gold Miners Index Bear 3X Shares
Joe Foster, VanEck Gold Strategy Portfolio Manager, joins us to weigh in on inflation risks, his 2021 outlook and more.
Since August, gold has been consolidating in a range between $1,800 and $2,000 an ounce.
If second-half economic growth isn't as rosy as a lot of people are expecting, we could see some weakness in the dollar, interest rates fall, and we could see that impact the gold market positively.
In addition to that, with all this liquidity that's being pumped into the financial system, gold could respond to an inflationary cycle somewhere down the road.