Even a big miss in the U.S. September job numbers couldn’t trigger a much-needed rally in gold. And unless the precious metal can find a way to close above $1,780 an ounce, analysts say they will remain neutral on the metal. Here’s a look at Kitco’s top three stories of the week:
3. Bitcoin breaches $55,000 as bullish momentum grows in the crypto space
2. September U.S. job growth was the slowest this year, with the economy adding only 194,000 positions versus the expected 500,000
1. Gold price to ‘revisit its peak’ soon, says Bloomberg Intelligence https://www.kitco.com/news/2021-10-04/Gold-price-to-revisit-its-peak-soon-says-Bloomberg-Intelligence.html
Gold price headed to $5,500 in the long term as central banks won’t be able to exit unorthodox monetary policies – Jefferies
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