Make Kitco Your Homepage

Is Fed about to make a mistake? Here's what gold is saying

Kitco News

 

(Kitco News) Gold and silver hit two-month highs this week, while the crypto market suffered major losses, with bitcoin plunging below $35,000.

To explain all of this, analysts pointed to rising U.S. treasury yields triggered by an aggressive Federal Reserve. Markets are now pricing in four rate hikes and a balance sheet runoff this year. Here's a look at Kitco's top three stories of the week:

3. Gold price rallies $30, silver price surges more than 3% as investors flock to safe-havens

2. Are gold prices about to fly? Gold is a hedge against a policy mistake, says Pepperstone

1. Bitcoin and Ethereum plummet as analysts link selloff to stocks volatility, hawkish Fed

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.