Gold and silver hit two-month highs this week, while the crypto market suffered staggering losses.
To explain all of this, analysts pointed to rising U.S. treasury yields triggered by an aggressive Federal Reserve. Markets are now pricing in four rate hikes and a balance sheet runoff this year. Here’s a look at Kitco’s top three stories of the week:
3. Gold price rallies $30, silver price surges more than 3% as investors flock to safe-havens
2. Are gold prices about to fly? Gold is a hedge against a policy mistake, says Pepperstone
1. Bitcoin and Ethereum plummet as analysts link selloff to stocks volatility, hawkish Fed
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