According to the expert, the recent slight decrease in inflation in the US could have a big impact on the Federal Reserve's strategy to combat inflation. Newman believes that better-than-expected inflation data for October could prompt the central bank to reconsider its aggressive policy of raising interest rates. This, in turn, may encourage investors to return to the precious metals market.
However, Newman believes that the precious metals sector is not a "safe haven" for investors, even despite the recent price rally: "Gold and silver may struggle to maintain recent price levels."
If yields on US government bonds rise, Newman believes that this will be a serious obstacle to rising prices for gold and silver.