Central banks are replacing dollars with gold

Kitco Media
By Anna Golubova
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Kitco News
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(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

Kitco Media

Anna Golubova

Anna Golubova is the Producer for Kitco News. With more than ten years of experience in media, she has covered a range of topics, focusing on economy and politics. Anna began to exclusively cover economic news in 2013, attending media lockups at the Bank of Canada and Statistics Canada to report on a range of key macro economic events, including interest rate announcements, GDP, unemployment, and retail. She holds a Master of Arts in International Relations from NPSIA, Carleton and a Bachelor's degree in Political Science and History from the University of Ottawa.

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