Make Kitco Your Homepage

'String of financial crises' coming after rate hikes

Kitco News

(Kitco News) After a failed attempt to rise back to $1,700 an ounce, gold is trading at the lowest levels since April 2020. And analysts say the worst is not over as there is a major risk that gold can drop below $1,600 an ounce. Here's a look at Kitco's top three stories of the week:

3. Swiss imports of Russian gold hit highest levels since April 2020

2. Gold price jumps as Fed's Powell talks chance of recession and restrictive rates

1. Simultaneous rate hikes could lead to a 'string of financial crises,' warns World Bank

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.