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Gold is now well anchored around the $1,650 level ahead of the big Federal Reserve meeting next week. Markets have already priced in another 75-basis-point rate hike, which would be the Fed’s fourth in a row. But the real focus will be on any talk of a slowdown when it comes to rate hikes. Here’s a look at Kitco’s top three stories of the week:
3. Bank of Canada surprises with a smaller 50 bps rate hike, gold priced in CAD jumps
2. Bitcoin’s correlation with gold is rising and here’s what that means – Bank of America
1. The West has ‘essentially stolen’ Russia’s gold and foreign exchange reserves, says Kremlin
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