Gold breaks out, will it ‘steal the show’ in 2022?

(Kitco News) It’s been a very busy data week for the markets. The Federal Reserve announced tapering of its asset purchases and the U.S. economy added more than 500,000 jobs in October.

Gold is finally starting to react — surging $25 on Friday and rising well above the $1,800 an ounce level. Markets now seem to be pricing in a more patient Federal Reserve going forward.

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

3. Fed’s Powell talks inflation uncertainty, stresses it’s ‘premature’ to raise rates

2. Gold set ‘to steal the show in 2022’ – Bloomberg Intelligence

1. Ethereum hits new all-time highs as analysts point to inflation-hedge appeal

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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