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Gold’s $1,900 an ounce level remains a high hurdle to breach, but analysts still expect more gains for the yellow metal this summer.
With U.S. inflation now running at an annual pace of 5%, the attention is turning to the Federal Reserve meeting next week. The key question is whether the Fed will continue to ignore rising prices or start hinting at tapering.
Here’s a look at Kitco’s top three stories of the week:
3. Economy is ‘sitting on a time bomb’: Deutsche Bank warns of ‘devastating’ effects of inflation https://www.kitco.com/news/2021-06-08/Economy-is-sitting-on-a-time-bomb-Deutsche-Bank-warns-of-devastating-effects-of-inflation.html
2. 70s-style inflation: Biggest risk is ‘invisible wealth destruction,’ gold price going to $20K this decade https://www.kitco.com/news/2021-06-08/70s-style-inflation-Biggest-risk-is-invisible-wealth-destruction-gold-price-going-to-20K-this-decade.html
1. Gold price at ‘steep discount’ vs. crude oil: $2,000 gold will be breached – Bloomberg Intelligence https://www.kitco.com/news/2021-06-10/Gold-price-at-steep-discount-vs-crude-oil-2-000-gold-will-be-breached-Bloomberg-Intelligence.html
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