News Bites
Gold breaks out, will it 'steal the show' in 2022?
(Kitco News) It's been a very busy data week for the markets. The Federal Reserve announced tapering of its asset purchases and the U.S. economy added more than 500,000 jobs in October.
Gold is finally starting to react — surging $25 on Friday and rising well above the $1,800 an ounce level. Markets now seem to be pricing in a more patient Federal Reserve going forward.
Here's a look at Kitco's top three stories of the week:
3. Fed’s Powell talks inflation uncertainty, stresses it's 'premature' to raise rates
2. Gold set 'to steal the show in 2022' - Bloomberg Intelligence
1. Ethereum hits new all-time highs as analysts point to inflation-hedge appeal
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