DISCLAIMER: GOLDINVESTMENTCOMPANIES.COM IS AN AFFILIATED PARTNER FOR GOLDCO PRECIOUS METALS, AUGUSTA PRECIOUS METALS, AND BIRCH GOLD GROUP, PROMOTING THEIR GOLD IRA, GOLD 401K TRANSFER AND BITCOIN IRA SERVICES AND PRODUCTS.
After an unexpected selloff last week, gold is busy building support. But the $1,800 level is proving to be a struggle.
Here’s a look at Kitco’s top three stories of the week:
3. The Yellen-Powell duo keeps the markets on their toes as they talk down the Federal Reserve’s hawkish June monetary policy meeting.
Federal Reserve Chair Jerome Powell: https://www.kitco.com/news/2021-06-22/Gold-price-ignores-Powell-s-inflation-stance-It-s-higher-than-expected-but-it-ll-wane.html
U.S. Treasury Secretary Janet Yellen: https://www.kitco.com/news/2021-06-23/Yellen-urges-Congress-to-raise-debt-ceiling-to-avoid-August-default-Failing-to-do-so-would-have-catastrophic-consequences.html
2. Bitcoin drops below $30,000, briefly erasing all the year-to-date gains. https://www.kitco.com/news/2021-06-22/Bitcoin-is-better-than-gold-Shark-Tank-s-Mark-Cuban-remains-positive-on-crypto-as-bitcoin-erases-gains-for-the-year.html
1. Many investors underestimate the impact of Basel III on the gold market, says Goldex CEO Sylvia Carrasco. https://www.kitco.com/news/2021-06-22/Basel-III-to-trigger-liquidity-squeeze-gold-price-could-be-looking-at-2-100-by-year-end-Goldex-CEO.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.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.