Middle East Tensions Drive Gold Price Surge, Bitcoin Rally Expected

Gold prices are expected to see daily gains of $100+ as tensions escalate in the Middle East, with the potential for a major war. Larry Lepard, Managing Partner and Founder of Equity Management Associates, predicts that if the conflict worsens, it could have economic consequences larger than the 2008 financial crisis. In such a scenario, gold could reach $2,500 an ounce, with Bitcoin also likely to rally. Lepard warns of a potential major stock market selloff and suggests that the Federal Reserve may need to intervene by printing money to keep the system going.