As markets absorbed every one of the Federal Book's hawkish signals, gold tumbled $70 from its two-month highs. Here's a check out Kitco's leading 3 stories of the week:
3. Fed's Powell claims rising cost of living 'is slightly even worse' than in December, signals March price walk.
2. The International Monetary Fund reduced its international growth outlook for 2022 to 4.4%. The united state and also China saw the most significant descending modifications.
1. Goldman Sachs is lengthy gold. The financial institution increased its 12-month cost forecast to over $2,100 an ounce, advising financiers to acquire December 2022 gold futures.
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