Post-shutdown reality check: McGlone sees safe havens taking the lead

The US shutdown may be over, but Bloomberg’s Mike McGlone argues the market’s relief rally is masking far bigger cracks beneath the surface. In this conversation, he explains why gold’s surge is flashing a warning, why copper remains under pressure despite its new “critical mineral” status, and why industrial metals are struggling even with a weaker US dollar. McGlone lays out the case for rising volatility, deflationary signals, and a possible shift back into safe-haven assets and treasuries.