Gold Benefits From Risk-On Sentiment Change: Yardeni

The video discusses the role of gold in the financial market, highlighting its function as a hedge against inflation and its behavior as a currency. It explains how gold prices are influenced by the strength of the dollar and commodity indexes. The discussion also covers the market's recovery from early-year panic and the shift in risk sentiment. Finally, it examines the potential impact of central banks, like those led by Janet Yellen and Mario Draghi, on gold prices, suggesting that their influence may not be as significant as expected.

What does the speaker mean by saying the market is in 'risk on mode'?

In what way do central bankers influence the price of gold?