As Russia’s invasion of Ukraine intensified this week, gold spiked to $1,970 an ounce. New sanctions against Russia triggered massive jumps in commodity prices as well. Wheat is up about 40% on the week, palladium is up 22%, and oil is up 20%.
Fears of stagflation also started to creep in, with concerns over high commodity prices impacting inflation and slowing growth. Here’s a look at Kitco’s top three stories of the week:
3. ‘Everything is so uncertain’: Fed is worried Ukraine war could push inflation higher, slow growth, says Powell
https://www.kitco.com/news/2022-03-03/-Everything-is-so-uncertain-Fed-is-worried-Ukraine-war-could-push-inflation-higher-slow-growth-says-Powell.html
2. Is Russia’ panic gold buying’? And is panic-selling about to kick in?
https://www.kitco.com/news/2022-03-01/Is-Russia-panic-gold-buying-And-is-panic-selling-about-to-kick-in.html
1. Gold price to hit $2,150 on Russian invasion, ‘very high inflation path’ – Goldman Sachs
https://www.kitco.com/news/2022-02-28/Gold-price-to-hit-2-150-on-Russian-invasion-very-high-inflation-path-Goldman-Sachs.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
