Gold Likely to Fall to Around $1,700, CBA's Dhar Says

The video discusses the impact of the Omicron variant on market expectations, highlighting vaccine efficacy studies and market reactions. It analyzes the OPEC Plus meeting's potential decisions on oil output amid the pandemic. The dynamics of the iron ore market are explored, focusing on China's influence and steel demand. Finally, the video forecasts gold prices, considering the Federal Reserve's hawkish policy stance.

How has the Omicron variant initially affected market expectations?

• Increased vaccine efficacy

• Stabilized market prices

• Caused a market sell-off

• Improved economic forecasts

What is the expected action of OPEC+ in response to the current market situation?

• Pause output hikes

• Release more oil stockpiles

• Increase oil output

• Decrease oil prices

Which country plays a crucial role in the global iron ore market?

• India

• Brazil

• United States

• China

What is the forecasted price of gold by the March quarter?

• $1700 an ounce

• $1500 an ounce

• $1900 an ounce

• $2100 an ounce

What is the expected impact of a more hawkish Fed policy on gold prices?

• Increase in gold prices

• Decrease in gold prices

• Stabilization of gold prices

• No impact on gold prices