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Rising cost of living in the united state is now at 7.5%– the highest degree in forty years. For the U.S. supplies, this implies more losses as markets price in an extra aggressive Federal Book. However, for gold, this indicates more need as investors rely on the rare-earth element for defense.
Likewise, a caution from the U.S. that Russia can introduce army action in Ukraine "any day" is pressing gold prices well above the $1,850 an ounce degree. Here's a check out Kitco's leading 3 stories of the week:
3. U.S. Mint markets 5 million ounces of silver in January, finest start since 2017
2. From among the most awful to best-performing possessions? Gold cost to tackle $2,100 by year-end, states Wells Fargo
1. The U.S. makes 'largest monetary seizure ever,' taking control of $3.6 billion in Bitcoin stolen in 2016
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From one of the worst to best-performing assets? All eyes on gold
Inflation in the U.S. is now at 7.5% — the highest level in forty years. For the U.S. stocks, this means more losses as markets price in a more aggressive Federal Reserve. But for gold, this means more demand as investors turn to the precious metal for protection.
Also, a warning from the U.S. that Russia could launch military action in Ukraine "any day" is pushing gold prices well above the $1,850 an ounce level. Here's a look at Kitco's top three stories of the week:
3. U.S. Mint sells 5 million ounces of silver in January, best start since 2017
https://www.kitco.com/news/2022-02-07/U-S-Mint-sells-5-million-ounces-of-silver-in-January-best-start-since-2017.html
2. From one of the worst to best-performing assets? Gold price to tackle $2,100 by year-end, says Wells Fargo
https://www.kitco.com/news/2022-02-08/From-one-of-the-worst-to-best-performing-assets-Gold-price-to-tackle-2-100-by-year-end-says-Wells-Fargo.html
1. The U.S. makes 'largest financial seizure ever,' taking control of $3.6 billion in Bitcoin stolen in 2016
https://www.kitco.com/news/2022-02-08/U-S-makes-largest-financial-seizure-ever-taking-control-of-3-6-billion-in-Bitcoin-stolen-in-2016.html
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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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