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It has actually been a really unpredictable week for gold. After dropping $30, the precious metal surged back to its really familiar territory of $1,750-$ 1,760 an ounce.
Rising united state Treasury returns and also a higher united state dollar were the major barriers for gold. And regardless of preventing a government shutdown in the united state today, there is still the hazard of a default as the warmed financial obligation ceiling argument proceeds. Here's a consider Kitco's leading 3 tales of the week:
3. Robert Kiyosaki: 'The largest accident in globe background' strikes this October
2. Gold rate sees double-digit drop as Yellen states failing to increase financial obligation ceiling will set off economic crisis, undermine united state dollar
1. Gold price jumps $40 as Fed's Powell claims the united state still 'far from complete work'
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Have you given up on gold? Surprising comeback after volatile week
It has been a very volatile week for gold. After dropping $30, the precious metal surged back to its very familiar territory of $1,750-$1,760 an ounce.
Soaring U.S. Treasury yields and a higher U.S. dollar were the main obstacles for gold. And despite avoiding a government shutdown in the U.S. this week, there is still the threat of a default as the heated debt ceiling debate continues. Here's a look at Kitco's top 3 stories of the week:
3. Robert Kiyosaki: 'The biggest crash in world history' hits this October https://www.kitco.com/news/2021-09-29/Robert-Kiyosaki-The-biggest-crash-of-world-history-hits-this-October.html
2. Gold price sees double-digit drop as Yellen says failure to raise debt ceiling will trigger financial crisis, undermine U.S. dollar
https://www.kitco.com/news/2021-09-28/Gold-price-sees-double-digit-drop-as-Yellen-says-failure-to-raise-debt-ceiling-will-trigger-financial-crisis-undermine-U-S-dollar.html
1. Gold price jumps $40 as Fed's Powell says the U.S. still 'far from full employment'
https://www.kitco.com/news/2021-09-30/Gold-price-jumps-40-as-Fed-s-Powell-says-the-U-S-still-far-from-full-employment.html
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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