'Biggest Defeat Since Vietnam': What The US-Iran Deal Actually Means For Gold

Former Wall Street FX Chief David Woo breaks down the real financial impact of the US-Iran deal, why the AI bubble is the market's biggest threat, and how it all sets up the next major rotation into gold. Jeremy Szafron, Senior Anchor at Kitco News, sits down with David Woo to cut through the mainstream relief rally. Woo explains why the recent Middle East peace deal is a strategic blow to dollar dominance, how government regulation and Chinese commoditization (DeepSeek) are creating cracks in the "House of AI," and why incoming Fed Chair Kevin Warsh will be forced to sound incredibly hawkish. Plus, a deep dive into the thesis behind his new novel, the reality of SpaceX's valuation, and why he believes the next institutional capital rotation will heavily favor safe havens. Recorded June 15 2026 Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow David Woo on X: @Davidwoounbound (https://x.com/Davidwoounbound) CHAPTERS: 0:00 The Book Paul Tudor Jones Recommends 0:31 Meet Former Wall Street FX Chief David Woo 1:08 The US-Iran Deal: A Complete Capitulation 3:33 What The Market Is Missing About Oil 5:15 Why Gold Is The Ultimate Dollar Hedge 6:39 The US Defense Debt Spiral 8:30 Is The US Dollar Propped Up By Tech? 9:53 The First Crack In The AI Bubble 14:12 How China Will Commoditize AI 17:10 The Global Tech Battleground 20:23 The Truth About Globalization 22:46 Wall Street: Better Lucky Than Right? 26:52 The Economic Root Of Political Populism 29:24 The Voters Wall Street Forgot 29:43 The Next Massive Economic Blind Spot 30:29 The Danger Of Recursive AI Learning 32:20 Why Tech Companies Can't Monetize AI 33:43 The Catalyst That Will Pop The Bubble 35:21 The Reality Of SpaceX's Valuation 37:33 Kevin Warsh And The Federal Reserve 40:59 How The AI Wealth Effect Drives Inflation 43:04 Real Yields: What Gold Is Actually Fighting 45:23 Oil Prices And The Bond Market Lag 47:12 The 'Very Bullish' Setup For Gold 49:55 Why Central Banks Buy Gold, Not Silver 51:48 Geopolitics Has Replaced Economics 53:47 How To Survive The Next Market Cycle #DavidWoo #KitcoNews #Gold #USInvestments #AIBubble #USIranDeal #FederalReserve #Macroeconomics __________________________________________________________________ Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US: X: https://x.com/kitconewsnow Instagram:   / kitconews   Facebook:   / kitconews   LinkedIn:   / kitconews   Listen to the PODCAST on 🎧 Spotify: https://open.spotify.com/show/1My4Wgt... 🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast... 🎧 All podcast episodes available here → https://kitconews.buzzsprout.com Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights. Live gold price and chart: https://www.kitco.com/charts/gold Live silver price and chart: https://www.kitco.com/charts/silver Live crypto market data: https://www.kitco.com/price/crypto Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.