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Also a large miss out on in the U.S. September work numbers could not cause a much-needed rally in gold. And unless the precious metal can locate a method to close above $1,780 an ounce, experts claim they will certainly continue to be neutral on the steel. Here's a check out Kitco's top three tales of the week:
3. Bitcoin breaches $55,000 as bullish energy grows in the crypto space
2. September U.S. job development was the slowest this year, with the economy including just 194,000 placements versus the expected 500,000
1. Gold price to 'revisit its height' quickly, says Bloomberg Intelligence
Gold rate headed to $5,500 in the long-term as reserve banks won't be able to exit unconventional financial plans – Jefferies
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Is $2k or $5k gold price still possible?
Even a big miss in the U.S. September job numbers couldn't trigger a much-needed rally in gold. And unless the precious metal can find a way to close above $1,780 an ounce, analysts say they will remain neutral on the metal. Here's a look at Kitco's top three stories of the week:
3. Bitcoin breaches $55,000 as bullish momentum grows in the crypto space
https://www.kitco.com/news/2021-10-07/Bullish-momentum-takes-bitcoin-to-55k-as-George-Soros-fund-confirms-it-owns-crypto.html
2. September U.S. job growth was the slowest this year, with the economy adding only 194,000 positions versus the expected 500,000
https://www.kitco.com/news/2021-10-08/Gold-price-pushing-higher-following-another-disappointing-employment-report-194K-jobs-created-in-September.html
1. Gold price to 'revisit its peak' soon, says Bloomberg Intelligence https://www.kitco.com/news/2021-10-04/Gold-price-to-revisit-its-peak-soon-says-Bloomberg-Intelligence.html
Gold price headed to $5,500 in the long term as central banks won't be able to exit unorthodox monetary policies - Jefferies
https://www.kitco.com/news/2021-10-05/Gold-price-headed-to-5-500-in-the-long-term-as-central-banks-won-t-be-able-to-exit-unorthodox-monetary-policies.html
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