'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 2026Follow 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 Recommends0:31 Meet Former Wall Street FX Chief David Woo1:08 The US-Iran Deal: A Complete Capitulation3:33 What The Market Is Missing About Oil5:15 Why Gold Is The Ultimate Dollar Hedge6:39 The US Defense Debt Spiral8:30 Is The US Dollar Propped Up By Tech?9:53 The First Crack In The AI Bubble14:12 How China Will Commoditize AI17:10 The Global Tech Battleground20:23 The Truth About Globalization22:46 Wall Street: Better Lucky Than Right?26:52 The Economic Root Of Political Populism29:24 The Voters Wall Street Forgot29:43 The Next Massive Economic Blind Spot30:29 The Danger Of Recursive AI Learning32:20 Why Tech Companies Can't Monetize AI33:43 The Catalyst That Will Pop The Bubble35:21 The Reality Of SpaceX's Valuation37:33 Kevin Warsh And The Federal Reserve40:59 How The AI Wealth Effect Drives Inflation43:04 Real Yields: What Gold Is Actually Fighting45:23 Oil Prices And The Bond Market Lag47:12 The 'Very Bullish' Setup For Gold49:55 Why Central Banks Buy Gold, Not Silver51:48 Geopolitics Has Replaced Economics53:47 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: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: 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/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn 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.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.