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.

What was the initial investor reaction to the introduction of tariffs on steel?

• They were indifferent to the tariffs.

• They expected the steel industry to remain stable.

• They thought the steel industry would collapse.

• They believed the steel industry would thrive.

What has been a key factor in supporting higher iron ore prices?

• Chinese steel production growth

• Introduction of new tariffs on iron ore

• Decrease in global steel production

• Increased demand for low-quality iron ore

Why has gold been considered a safe haven investment recently?

• Because it is unaffected by market volatility

• Due to its stable price

• Because of its inverse correlation with the US dollar

• Due to its high liquidity

What is the expected impact of inflation on gold prices in 2019?

• Inflation will have no impact on gold prices.

• Inflation will decrease gold prices.

• Inflation will drive gold prices higher.

• Inflation will stabilize gold prices.

What is the anticipated effect of rising interest rates on the US dollar?

• It will cause the US dollar to rise.

• It will stabilize the US dollar.

• It will have no effect on the US dollar.

• It will cause the US dollar to fall.