Gold’s week in the red but is silver flashing ‘buy signal’?

Gold's week in the red, but is silver flashing 'buy signal'?

Gold saw a volatile $80 move this week, hitting the lowest levels since April 2020.

The latest macro data — hot inflation and better-than-expected retail sales — are giving the Federal Reserve leeway to continue aggressively raising rates. This is pushing the U.S. dollar and Treasuries up and gold down.

Here's a look at Kitco's top three stories of the week:

3. Gold price hits 2020 pandemic lows as Fed rate hike expectations weigh heavily on precious metal

2. Silver's 'buy signal' and why it is a good idea to hold commodities in recession, Goehring & Rozencwajg weighs in

1. Cathie Wood says Fed is making a mistake as calls for 100bps hike grow, Elon Musk confirms warning
 

By Anna Golubova

For Kitco News

Time to buy Gold and Silver on the dips

Tim Moseley