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Gold saw $50 gains on Friday after a very turbulent week. October employment report and signs that China could be easing its Covid Zero policies pushed prices higher. Here’s a look at Kitco’s top three stories of the week:
3. Gold’s 7 months of losses put it on path to longest losing streak in 5 decades
https://www.kitco.com/news/2022-10-31/Gold-s-7-months-of-losses-put-it-on-path-to-longest-losing-streak-in-5-decades.html
2. Fed Chair Powell says ‘ultimate level’ of rates will be higher than previously expected
https://www.kitco.com/news/2022-11-02/Gold-price-volatile-loses-all-post-Fed-gains-as-Powell-points-to-ultimate-level-of-rates-being-higher-than-previous-estimates.html
1. Central banks buy record amount of gold in Q3 and large chunks are from unknown buyers
https://www.kitco.com/news/2022-11-01/Central-banks-buy-record-amount-of-gold-in-Q3-and-large-chunks-are-from-unknown-buyers.html
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