Basel III to take gold to record highs?

After an unexpected selloff last week, gold is busy building support. But the $1,800 level is proving to be a struggle.

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

1. The Yellen-Powell duo keeps the markets on their toes as they talk down the Federal Reserve's hawkish June monetary policy meeting.

Federal Reserve Chair Jerome Powell' comments

U.S. Treasury Secretary Janet Yellen's comments

2. Bitcoin drops below $30,000, briefly erasing all the year-to-date gains.

3. Many investors underestimate the impact of Basel III on the gold market, says Goldex CEO Sylvia Carrasco.

By Anna Golubova

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