Gold Could See $3,600 Correction Before New Highs, Institutions Still Underweight: Ole Hansen

Video Description

A new commodity supercycle is here, according to Saxo Bank's Ole Hansen. In this interview, he declares we are at the "cusp of an energy transition super cycle" while breaking down the immediate supply shocks gripping the copper market today. Kitco News Anchor Jeremy Szafron sits down with Ole Hansen to get his detailed outlook on the precious metals. Hansen explains why gold could see a deep but healthy correction to the $3,600 level without hurting the overall bull market setup. He makes the case for $50 silver, revealing that he likes it "even a bit more than gold" because it can run faster. The conversation also dives deep into the "perfect storm" driving platinum, the year's top performer, and why natural gas is "dirt cheap" and its low price is "not going to last". Hansen also reveals the one risk that could keep him awake at night: a loss of market confidence in the Federal Reserve. (Recorded September 24, 2025) Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) Follow Ole S Hansen on X: @Ole_S_Hansen (https://twitter.com/Ole_S_Hansen) 00:00 - Intro: A Market of Conflicting Signals 01:10 - U.S. Economy: Is the Housing Surge a Blip? 02:48 - COPPER SHOCK: Freeport Declares Force Majeure 07:21 - GOLD: A Healthy Correction to $3,600? 09:16 - Why Institutions Are Still Underweight Gold 14:36 - SILVER: The Case for $50 18:07 - PLATINUM: Inside the "Perfect Storm" 22:11 - The PGM Substitution Story: Platinum vs. Palladium 24:36 - CRUDE OIL: Disconnected and "Living on its Own Planet" 31:59 - The "Energy Transition Supercycle" Has Begun #Commodities #Gold #Copper #MarketOutlook #OleHansen #SupplyShock #Investing #Silver #Platinum __________________________________________________________________ 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/kitconews 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.