Kitco News
(Kitco News) – With U.S. inflation running at 40-year highs, the Federal Reserve’s priority is to avoid “entrenched” and “self-perpetuating” inflation.
The post ‘Everything is so uncertain’: Fed is worried Ukraine war could push inflation higher, slow growth, says Powell appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold prices are moderately higher in midday U.S. trading Thursday, on continued safe-haven demand as risk appetite remains squelched by the Russia-Ukraine geopolitical situation.
The post Safe-haven demand continues to push gold price higher appeared first on WorldSilverNews.
ETFTrends/Evan Harp/3-1-2022
“Pierre Lassonde, chairman emeritus of Franco-Nevado and CEO of Firelight Investments, believes that gold could hit $2,200 to $2,400 in the medium term, but over the next five years could potentially reach as high as $10,000, should the Dow to gold ratio converge to 2:1 and the Dow Jones contract by 20%-30%.”
USAGOLD note: $10,000 seems a stretch, but $2200 to $2400 in the medium term does not.
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Bloomberg/John Authers/2-28-2022
“Following a strange delay after the world assimilated the shock of the Ukraine invasion, it was on Monday that slightly belated international sanctions began to bite. The pain they have inflicted on Russia, its economy and its financial system is immediate.”
USAGOLD note: Authers goes on to note that market hopes that commodity prices had peaked “now appear to have been dashed decisively,” and that the developments over the past week have made the Fed’s determination to restrict inflation all the harder to accomplish.
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