On NewsNation, American Hartford Gold President Max Baecker discusses gold’s recent pullback, rising oil prices, inflation concerns, and expectations that the Fed may keep rates higher for longer.
Baecker explains that profit taking, higher oil prices, and shifting rate-cut expectations have weighed on gold in the short term. Even so, he says the long-term case remains strong, pointing to central bank buying, record debt, and continued demand for safe-haven assets.
Baecker calls the dip a potential buying opportunity and says he sees a much higher gold price ahead. He also highlights silver’s upside, noting Citibank’s $150 price forecast and China’s control of roughly 70% of the world’s silver supply.
