Make Kitco Your Homepage

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

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.