Inflation Will Drive Gold Prices Later in 2019, Says Fat Prophets' Lennox

The video discusses the impact of tariffs on the steel industry, highlighting that despite initial fears, the industry has remained stable with Chinese production supporting iron ore prices. It also explores gold's role as a safe haven investment amid market volatility and the fluctuating US dollar. The analysis suggests that inflation and trade dynamics will influence gold prices and the US dollar's future trajectory.

Discuss the relationship between the US dollar and gold prices as mentioned in the text.

What are the implications of the US trade position improving at a slower rate than expected?