‘The worst is yet to come’: UK’s market chaos, contagion risk and what it means for gold price



With September now behind us, gold has posted six months of consecutive losses. The last time something like that happened was in 2018, which marked the end of a bear market for gold. Could we see the same trend now?

There were critical price gains this week that could signal a turnaround for the precious metal. Key developments helping gold prices are the contagion risk from the volatility in the UK markets and escalating geopolitical tensions.

Here’s a look at Kitco’s top three stories of the week:

3. UK’s market chaos, contagion risk: what it all means for gold price
https://www.kitco.com/news/2022-09-29/UK-s-market-chaos-contagion-risk-what-it-all-means-for-gold-price.html

2. ‘The worst is yet to come’: Euro area and UK are in recession, US is ‘flirting’ with one – Credit Suisse
https://www.kitco.com/news/2022-09-29/-The-worst-is-yet-to-come-Euro-area-and-UK-are-in-recession-U-S-is-flirting-with-one-Credit-Suisse.html

1. Billionaire investor John Paulson: gold price to rise when Fed fails to get inflation back to 2%, economy slows
https://www.kitco.com/news/2022-09-27/Billionaire-investor-John-Paulson-gold-price-to-rise-when-Fed-fails-to-get-inflation-back-to-2-economy-slows.html
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