Gold May Fall to Around $1,700 by 1Q 2022, CBA Says

The video discusses the impact of the US infrastructure bill and the 3.5 trillion economic package on mining and metals, particularly transition metals like copper and nickel. It highlights China's influence on iron ore demand due to environmental policies and forecasts a decline in gold prices due to US monetary policy. The video also projects oil prices, considering COVID-19's impact and OPEC's supply decisions.

What percentage of the $550 billion infrastructure bill is linked to mining output?

• 30-35%

• 10-15%

• 4-5%

• 20-25%

Which economic package is expected to have a significant impact on transition metals?

• $1 trillion healthcare package

• $3.5 trillion economic package

• $550 billion infrastructure bill

• $2 trillion education package

What is the main concern regarding China's steel production cuts?

• Increase in global steel supply

• Dramatic fall in China's iron ore demand

• Rise in coal prices

• Decrease in aluminum production

What is the forecasted price for gold by the first quarter of next year?

• $1900 an ounce

• $1700 an ounce

• $1800 an ounce

• $1500 an ounce

Which event is expected to trigger a bearish trend for gold?

• Rise in global inflation

• Decrease in U.S. unemployment

• Increase in oil prices

• FOMC's tapering announcement

What is one of the key factors needed to reach the $85 per barrel target for Brent crude?

• Increase in U.S. oil production

• Quick recovery from COVID-19 outbreaks

• Expansion of renewable energy sources

• Decrease in European oil demand

What percentage of global oil demand is accounted for by China?

• 25%

• 10%

• 20%

• 15%