Commodities Recap: The Week in Oil and Gold

The video discusses the largest weekly market decline since May, driven by weakening emerging markets and increased US crude inventories. Bob Iaccino, a market strategist, highlights a failed rally due to geopolitical tensions and crude oil draws. He emphasizes the role of seasonality in commodities like copper, natural gas, and crude oil. The discussion shifts to the dollar's value and its potential breakout, influenced by jobs data. Gold's fluctuating value is analyzed, with a focus on its lack of response to geopolitical issues. Finally, the video covers interest rates, inflation, and their impact on the market, predicting a potential rise to 3% by the end of 2019.

What relationship does Bob Iaccino describe between wage growth and inflation?

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What does Bob Iaccino predict for the 10-year yield by the end of 2019?

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