Inflation in the U.S. is now at 7.5% — the highest level in forty years. For the U.S. stocks, this means more losses as markets price in a more aggressive Federal Reserve. But for gold, this means more demand as investors turn to the precious metal for protection.
Also, a warning from the U.S. that Russia could launch military action in Ukraine “any day” is pushing gold prices well above the $1,850 an ounce level. Here’s a look at Kitco’s top three stories of the week:
3. U.S. Mint sells 5 million ounces of silver in January, best start since 2017
https://www.kitco.com/news/2022-02-07/U-S-Mint-sells-5-million-ounces-of-silver-in-January-best-start-since-2017.html
2. From one of the worst to best-performing assets? Gold price to tackle $2,100 by year-end, says Wells Fargo
https://www.kitco.com/news/2022-02-08/From-one-of-the-worst-to-best-performing-assets-Gold-price-to-tackle-2-100-by-year-end-says-Wells-Fargo.html
1. The U.S. makes ‘largest financial seizure ever,’ taking control of $3.6 billion in Bitcoin stolen in 2016
https://www.kitco.com/news/2022-02-08/U-S-makes-largest-financial-seizure-ever-taking-control-of-3-6-billion-in-Bitcoin-stolen-in-2016.html
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter – https://twitter.com/kitconewsnow
StockTwits – https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
source