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Gold's path to $2K: Biggest market risk is 'invisible wealth destruction'

Kitco News


(Kitco News) Gold's $1,900 an ounce level remains a high hurdle to breach, but analysts still expect more gains for the yellow metal this summer.

With U.S. inflation now running at an annual pace of 5%, the attention is turning to the Federal Reserve meeting next week. The key question is whether the Fed will continue to ignore rising prices or start hinting at tapering.

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

3. Economy is 'sitting on a time bomb': Deutsche Bank warns of 'devastating' effects of inflation

2. 70s-style inflation: Biggest risk is 'invisible wealth destruction,' gold price going to $20K this decade

1. Gold price at 'steep discount' vs. crude oil: $2,000 gold will be breached – Bloomberg Intelligence

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