The US Economy and the Price of Gold

Eric Schlossberg: We are in a very treacherous period that I call the lag time. The US economy sells a lot of forward momentum from huge increases government spending, rising wages and tight labor markets. All of this is going to possibly keep upward pressure on interest rates which is not good for gold. But it's not all about the US economy, is it, Eric? What about growth prospects outside, say, in China and other countries? How does that potentially impact the price of gold?