Gold and silver are on fire — but can the rally last? In this episode of Investing, Markets & Money, host Stuart Fieldhouse talks with Michael Brown of Pepperstone about what’s really moving global markets.

They break down the surge in precious metals, the renewed fears around U.S. banks, and whether debt and deficits could finally catch up with policymakers. Michael shares insights on U.S.–China trade tensions, the AI-driven S&P 500 rally, and why UK stocks remain chronically undervalued.

You can find more market insight from Michael and the Pepperstone team here - https://pepperstone.com/en-gb/analysis/

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00:00 Precious metals: gold and silver trades

04:50 The US Dollar and US banks

07:45 US debt and borrowing trends

11:25 Tariffs and the US-China trade war

15:25 The S&P 500 and the AI bubble

21:05 UK stocks and the UK budget

25:22 Why such intense speculation on the Budget?