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The inflation debate is back in the headlines, but gold is trading down nearly 1% on Friday. Analysts are keeping a close eye on the U.S. dollar and the bond market for clues as to where gold might head next.
Here’s a look at Kitco’s top three stories of the week:
3. Hot inflation and better-than-expected retail numbers:
https://www.kitco.com/news/2021-07-13/Gold-prices-holding-support-above-1-800-an-ounce-following-sharp-0-9-rise-in-U-S-Inflation.html
https://www.kitco.com/news/2021-07-16/gold-price-under-pressure-but-largely-ignores-0-6-rise-in-U-S-retail-sales.html
2. Federal Reserve Chair Jerome Powell testifies before Congress:
https://www.kitco.com/news/2021-07-14/Gold-price-reacts-Fed-s-Powell-says-he-hears-inflation-worries-loud-and-clear-but-remains-dovish.html
https://www.kitco.com/news/2021-07-15/It-s-a-challenge-how-to-react-to-this-unique-inflation-shock-says-Fed-s-Powell.html
1. Firmer USD weighs on gold, but the dollar is ‘doomed’ long-term, says DoubleLine Capital CEO Jeffrey Gundlach:
https://www.kitco.com/news/2021-07-15/Firmer-USD-weighs-on-gold-but-dollar-is-doomed-long-term-says-Gundlach.html
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