Central banks are replacing dollars with gold
(Kitco News) The economy started the year on a strong note, and the gold market is taking a hit. The Federal Reserve might need to raise rates more than expected since inflation is not coming down fast enough.
Here's a look at Kitco's top 3 stories of the week:
3. Macro data: Gold price drops below $1,850 as U.S. retail sales surprise on the upside in January
2. Frank Giustra warns that the dollar will be dethroned in 'bifurcated' global monetary system
1. Billionaire John Paulson: central banks are replacing dollars with gold, you are better off investing in precious metal than USD
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