Gold market has more fuel for upside, says Blue Line Futures chief market strategist Phil Streible. The comment was made on Friday, Aug 7, 2026, during CNBC's Closing Bell Overtime at 4:33 PM EDT, a live segment that brings market‑focused commentary to viewers as the trading day winds down.
Streible joined the program to discuss metal prices climbing and what he sees behind the rally. As chief market strategist at Blue Line Futures, he highlighted that the recent upward movement in gold prices suggests further upside potential. He noted that the market still has additional fuel, implying that price momentum could continue. While he did not detail the specific factors driving the rally, his observation adds a data point that investors and traders watch closely, given gold’s role as a safe‑haven asset in volatile markets.
The broadcast also featured a slate of other video segments, including a look at Abu Dhabi’s push to build satellites in the UAE, commentary on President Trump’s attempt to dismiss Lisa Cook, analysis of copper’s 50 % surge driven by geopolitics and policy, and a profile of the Rockstar Energy founder’s stake in Celsius. These additional pieces illustrate the breadth of topics covered in CNBC’s lineup alongside the gold market discussion, offering viewers a snapshot of broader economic and corporate stories that intersect with commodity trends.
Comments such as Streible’s are closely watched by market participants who monitor commodity trends for insight. By indicating that the gold market still has room to rise, the strategist adds nuance to the broader conversation about metal price movements and investor sentiment. Viewers and analysts alike can use his remarks as a reference when assessing the outlook for gold, especially as they compare it with other market‑driven stories featured in the same program.
Frequently asked questions
What did Phil Streible say about the gold market on CNBC?
Phil Streible, chief market strategist at Blue Line Futures, said the gold market has more fuel for upside, suggesting further price momentum could continue.
When did Blue Line Futures' strategist discuss gold upside on CNBC?
He made the comment on Friday, Aug 7, 2026, during CNBC’s Closing Bell Overtime broadcast.
Which CNBC program featured Phil Streible’s gold market interview?
The interview aired on CNBC’s Closing Bell Overtime, a live segment that wraps up the trading day.
What time was the CNBC Closing Bell Overtime interview with Phil Streible?
The segment aired at 4:33 PM EDT on Aug 7, 2026.
Is gold expected to rise according to Blue Line Futures?
Yes, the firm’s chief market strategist indicated that gold still has room to rise, describing the market as having more fuel for upside.
