Gold's inflation narrative is changing after $40 price rally

It has been another positive week for gold after months of no action. The momentum has taken prices $40 higher on the week as gold breached key resistance levels of $1,835 and $1,850 an ounce. Here is a look at Kitco’s top three stories of the week:

3. U.S. inflation rate highest in 31 years as CPI rises 6.2%

2. Gold price jumps nearly $40, bitcoin hits new all-time highs as markets react to inflation data

1. Watch this change in gold price narrative as it’s still a cheap inflation hedge compared to crypto – MKS PAMP GROUP

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