How high can gold & silver go in 2022? Rates to rise, here’s the impact on markets – Gary Wagner

The Federal Open Market Committee has announced a doubling in the pace of asset tapering on Wednesday.

The Dot Plots indicate that there will be an average of three rate hikes in 2022, three more in 2023, and two in 2024, all in increments of 25 basis points.

Gary Wagner, editor of discusses with David Lin, anchor for Kitco News, the impact that monetary policy next year will have on financial markets.

“I think that the Fed got it wrong. They underestimated the pace at which inflationary pressures would grow and how persistent they would be. Now that they’re acknowledging that we have persistent inflation, and taking out the word ‘transitory’, they are in my mind chasing inflation. In other words, they’re reacting to the inflationary level rather than being proactive about it. That to me, is not what the Federal Reserve is supposed to do,” Wagner said.

Wagner projects that gold will outperform silver in 2022.

For gold and silver’s price levels to look out for, watch the video above.

Follow David Lin on Twitter: @davidlin_TV (

Follow Kitco News on Twitter: @KitcoNewsNOW (

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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