Gold is now well anchored around the $1,650 level ahead of the big Federal Reserve meeting next week. Markets have already priced in another 75-basis-point rate hike, which would be the Fed’s fourth in a row. But the real focus will be on any talk of a slowdown when it comes to rate hikes. Here’s a look at Kitco’s top three stories of the week:
3. Bank of Canada surprises with a smaller 50 bps rate hike, gold priced in CAD jumps
https://www.kitco.com/news/2022-10-26/Bank-of-Canada-surprises-with-a-smaller-50-bps-rate-hike-gold-priced-in-CAD-jumps.html
2. Bitcoin’s correlation with gold is rising and here’s what that means – Bank of America
https://www.kitco.com/news/2022-10-25/Bitcoin-s-correlation-with-gold-is-rising-and-here-s-what-that-means-Bank-of-America.html
1. The West has ‘essentially stolen’ Russia’s gold and foreign exchange reserves, says Kremlin
https://www.kitco.com/news/2022-10-24/The-West-has-essentially-stolen-Russia-s-gold-and-foreign-exchange-reserves-says-Kremlin.html
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