Bigger Issue Holding Gold Down; Get Ready for 'Dramatic Effect' Once Fed Pauses Rate Hikes

"We're in a sell-everything market, and that is the biggest culprit holding the price of gold down," asserts Jeff Clark, Senior Precious Metals Analyst at "A spiking U.S. dollar is putting pressure on the price of gold," he tells our Daniela Cambone at the Silver & Gold Reception during this year's 2022 PDAC Conference. "Inflation is going to be elevated for a long period of time, and the current system is not sustainable as it is," Clark warns. When the Fed pauses its current trajectory of interest rate hikes, "it's going to have a dramatic effect," he concludes. ⭐️ Join Daniela Cambone's exclusive community ➡️ ➡️ Follow us on Facebook: ➡️ Follow us on Twitter: ➡️ Follow us on Instagram: ➡️ Follow us on LinkedIn: Chapters: 00:00 Overall sentiment of the mining space 02:43 Is the pricing of gold manipulated? 03:30 Are we in a recession? 04:48 What’s the Fed’s biggest fear? 05:14 Inflation continues to persist 06:25 When will the Fed stop raising rates? 07:26 Why is the U.S. dollar so high?