Gold price surges on stagflation fears as attack on Ukraine intensifies

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As Russia's intrusion of Ukraine increased this week, gold spiked to $1,970 an ounce. New sanctions against Russia activated massive jumps in commodity prices as well. Wheat is up about 40% on the week, palladium is up 22%, as well as oil is up 20%.

Worries of stagflation also started to slip in, with concerns over high product rates influencing rising cost of living and also slowing down growth. Below's a consider Kitco's leading three stories of the week:

3. 'Every little thing is so unclear': Fed is anxious Ukraine battle might push inflation greater, slow-moving development, claims Powell

2. Is Russia' panic gold buying'? And also is panic-selling about to kick in?

1. Gold price to strike $2,150 on Russian invasion, 'really high inflation path'– Goldman Sachs

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