(Kitco News) Gold’s safe-haven appeal is yet to kick in. The precious metal once again failed to hold the $1,800 an ounce level. And that’s despite high volatility in the U.S. equity space triggered by omicron fears. Here’s a look at Kitco’s top three stories of the week:
3. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen testify
2. Singapore piles into gold for the first since 2000 + Ireland buys gold for the first time in 12 years
1. Gold price at $10k, silver at $500 due to ‘a decade of shortage’, says Goehring & Rozencwajg