(Kitco News) Gold saw $100 price swings on Russia’s invasion of Ukraine. In an initial reaction, gold hit the highest levels since September 2020 but could not hold the gains. After markets received some clarity around new Russia sanctions, gold dropped back below the $1,900 an ounce level. Here’s a look at Kitco’s top three stories of the week:
1. Gold’s path to $2k: Fed rate hikes won’t hurt gold price rally this year, says Wells Fargo