(Kitco Commentaries, Mon. Feb. 14th, 2022) – Inflation in the U.S. is now at 7.5% — the highest level in forty years. For the U.S. stocks, this means more losses as markets price in a more aggressive Federal Reserve. But for gold, this means more demand as investors turn to the precious metal for protection. Also, a warning from the U.S. that Russia could launch military action in Ukraine “any day” is pushing gold prices well above the $1,850 an ounce level. Here’s a look at Kitco’s top three stories of the week.
Posted by:
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com