Why is gold down nearly $100 after Fed shakes up markets?
(Kitco News) - In just 24 hours, gold managed to lose nearly $100 after the Federal Reserve signaled higher inflation and updated its dot plot projections, showing a possibility of two rate hikes as soon as 2023.
'We are not at risk of hyperinflation,' but it's been a 'bumpy reopening' - U.S. Treasury Secretary Janet Yellen
(Kitco News) - U.S. Treasury Secretary Janet Yellen faced a barrage of questions on inflation, irresponsible money printing, and employment shortages during her testimony before the House Ways and Means Committee.
Gold price plunges $40 as Powell says inflation will be like the 'lumber experience'
(Kitco News) - The gold space saw another significant selloff after Federal Reserve Chair Jerome Powell spoke about inflation, the Fed's dot plot, and clarified plans on tapering.
'Big Short' investor Michael Burry warns of 'greatest speculative bubble of all time'
(Kitco News) - After deleting all his tweets just over two months ago, the "Big Short" investor Michael Burry is back with a clear message markets are in the biggest bubble in history.
'Best time to buy gold is before crisis': watch inflation risk and $3K gold price target, says industry expert
(Kitco News) - Inflation is a significant risk facing investors, which is why now might be the best time to turn to safe-haven assets such as gold, said Adam Trexler, founder and president of Valaurum.
Gold price tumbles as markets eye Fed's inflation stance, tapering, and dot plot comments
(Kitco News) - Gold saw another selloff ahead of the Federal Reserve monetary policy announcement on Wednesday, with prices approaching the $1,850 an ounce level.
U.S. PPI beats expectations in May, gold price flat
(Kitco News) - Gold was largely unchanged after the U.S. Producer Price Index (PPI) beat expectations in May by rising 0.8%.
There's 'a massive short' in commodities: if Fed ignores inflation, 'I'd buy commodities, crypto, gold' Paul Tudor Jones
(Kitco News) - If the Federal Reserves once again ignores inflation at this week's meeting, billionaire hedge fund manager Paul Tudor Jones said he'd be buying commodities, crypto and gold.
Russia's central bank 'not planning to buy gold' due to changes in National Wealth Fund composition
(Kitco News) - Russian central bank is "not planning" on buying more gold on the domestic market in light of the recent changes to the National Wealth Fund composition, said Elvira Nabiullina, the head of the country's central bank.
Gold's path to $2K: Biggest market risk is 'invisible wealth destruction'
(Kitco News) - Gold's $1,900 an ounce level remains a high hurdle to breach, but analysts still expect more gains for the yellow metal this summer.
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