Gold Surges on Middle East Escalation. Pullback Risk Ahead? | James Thorne

Rising tensions in the Middle East and a surge in oil prices sent gold briefly above $5,400, but Dr. James Thorne says investors should separate short-term shocks from long-term trends. Speaking with Kitco News at PDAC 2026, the Wellington-Altus Chief Market Strategist described the move as “a temporary spike if we're long-term investors,” adding that “in a bull market, you can have a 50% correction at any time and still have the secular bull market in place.”Thorne believes gold remains in a structural repricing cycle and reiterated, “By the end of the decade, I'm saying gold's gonna be 10,000.” However, he cautioned that the safety trade may be crowded and advised investors to rebalance rather than chase momentum. Thorne also outlined what he views as an eventual “Bretton Woods 2.0,” arguing the global system is moving toward a new monetary framework that could incorporate both hard assets and digital infrastructure.Recorded March 02, 2026.00:39 – Is Gold Overheating02:59 – Rotate Into Tech and Crypto04:21 – Mining M&A Still in Early Days05:35 – Inflation, Rates, and Oil Shock07:02 – Is Canada Open for Business?09:11 – Energy Security Wake Up Call12:07 – Bureaucracy vs Competitiveness14:16 – Bretton Woods 2.0 Framework18:44 – Gold Revaluation and US Reserves21:40 – Bitcoin vs Gold OutlookSpecial thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.To learn more, visit:https://www.goldmining.com/https://www.usgoldmining.us/https://www.uraniumenergy.com/https://www.uraniumroyalty.com/Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow James Thorne on X: @DrJStrategy (https://x.com/DrJStrategy)#Gold #Silver #PreciousMetals #GoldPrice #Bitcoin #EnergyMarkets #Mining #PDAC2026 #KitcoNews__________________________________________________________________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/kitconewsVisit: 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.