David McAlvany joined Schwab Network to discuss the forces shaping gold, oil, and broader market risk. In the interview, he explains why short-term price action is being driven by headlines, while longer-term trends remain tied to geopolitical fragmentation, energy insecurity, and liquidity concerns. He also outlines why gold continues to have strong structural support and why the more important story in oil may be production constraints rather than temporary war-driven price spikes.
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