Gold’s safe-haven appeal is yet to kick in. The precious metal once again failed to hold the $1,800 an ounce level. And that’s despite high volatility in the U.S. equity space triggered by omicron fears. Here’s a look at Kitco’s top three stories of the week:
3. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen testify
https://www.kitco.com/news/2021-11-30/Gold-price-sheds-gains-as-Powell-hints-more-aggressive-tapering-wants-to-drop-inflation-is-transitory-term.html
https://www.kitco.com/news/2021-12-01/Yellen-says-stimulus-only-small-contributor-to-inflation-Powell-sees-Fed-ready-to-adapt-policy-to-higher-inflation.html
2. Singapore piles into gold for the first since 2000 + Ireland buys gold for the first time in 12 years
https://www.kitco.com/news/2021-11-29/Singapore-piles-into-gold-for-the-first-since-2000.html
https://www.kitco.com/news/2021-12-02/Ireland-buys-gold-for-the-first-time-in-12-years.html
1. Gold price at $10k, silver at $500 due to ‘a decade of shortage’, says Goehring & Rozencwajg
https://www.kitco.com/news/2021-12-01/Gold-price-at-10k-silver-at-500-due-to-a-decade-of-shortage-says-Goehring-Rozencwajg.html
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