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It’s one week later, and gold is trading near the same levels. There was a short rally higher due to China’s Evergrande fears. But the move failed to gain momentum, and prices are back to near $1,750 an ounce. Here’s a look at Kitco’s top three stories of the week:
3. Another debt ceiling warning from Yellen: ‘Let’s not plunge ourselves into financial crisis’
Looming debt ceiling crisis: will U.S. Treasury use the $1 trillion platinum coin option? https://www.kitco.com/news/2021-09-22/Looming-U-S-debt-ceiling-crisis-will-Treasury-use-the-1-trillion-platinum-coin-option.html
2. Gold price drops as Powell talks ‘gradual’ tapering, downplays Evergrande contagion concerns https://www.kitco.com/news/2021-09-22/Gold-price-drops-as-Powell-talks-gradual-tapering-downplays-contagion-concerns.html
1. ‘Possible storm’ ahead – China warns local officials of potential Evergrande collapse
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