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Gold saw a volatile $80 move this week, hitting the lowest levels since April 2020. The latest macro data — hot inflation and better-than-expected retail sales — are giving the Federal Reserve leeway to continue aggressively raising rates. This is pushing the U.S. dollar and Treasuries up and gold down.
Here’s a look at Kitco’s top three stories of the week:
3. Gold price hits 2020 pandemic lows as Fed rate hike expectations weigh heavily on precious metal
2. Silver’s ‘buy signal’ and why it is a good idea to hold commodities in recession, Goehring & Rozencwajg weighs in
1. Cathie Wood says Fed is making a mistake as calls for 100bps hike grow, Elon Musk confirms warning
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