Why BNP Paribas Cut Its Gold Price Forecast

The video discusses the challenges facing the gold market, including dollar strength, lack of inflation, and investor sentiment. It highlights the opportunity cost of holding gold amid rising interest rates and compares it to other investments like Treasurys and equities. The impact of the US dollar's strength on gold prices is examined, along with the lack of safe haven demand. The video also analyzes the copper market, focusing on trade tensions between the US and China and their effects on copper prices.

What are the three reasons mentioned for the downgrade of gold?

What is the opportunity cost of holding gold when interest rates are rising?

How does the strength of the dollar impact the gold market?

What factors contribute to the lack of safe haven demand for gold?

Explain the relationship between copper prices and trade tensions between the US and China.