Nicky Shiels, Head of Research & Metals Strategy at MKS PAMP, discusses the 2025 outlook for Fed monetary policy, the U.S. dollar, gold, silver, and inflation. Although the information in this interview has been obtained from and is based upon sources MKS PAMP believes to be reliable, we do not guarantee its accuracy and it may be incomplete or condensed. All opinions and estimates constitute MKS PAMP' judgment as of the date of this report and are subject to change without notice. This interview is for informational purposes only and is not intended as investment advice, offer or solicitation for the purchase or sale of an investment. This interview does not consider or take into account the investment objectives or financial situation of a particular party. *This video was recorded on December 3, 2024 Subscribe to my free newsletter: https://davidlinreport.substack.com/ Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34s Listen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-report FOLLOW NICKY SHIELS: MKS PAMP: https://www.mkspamp.com/ X (@nixsa84): https://x.com/nixsa84 FOLLOW DAVID LIN: X (@davidlin_TV): https://x.com/davidlin_TV TikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tv Instagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/ For business inquiries, reach me at david@thedavidlinreport.com *This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates. 0:00 - Intro 0:33 - US dollar and tariffs 3:00 - Inflation outlook 5:05 - Fed monetary policy 7:55 - Why did gold fall after Trump 9:30 - Main drivers of gold 11:40 - China’s demand for gold 13:50 - Gold price outlook 15:45 - Gold’s downside risks 17:55 - Debt levels 20:00 - Silver price outlook #gold #silver #economy