Is Fed about to make a mistake? Here's what gold is saying

Gold and silver hit two-month highs this week, while the crypto market suffered major losses, with bitcoin plunging below $35,000.

To explain all of this, analysts pointed to rising U.S. treasury yields triggered by an aggressive Federal Reserve. Markets are now pricing in four rate hikes and a balance sheet runoff this year. Here's a look at Kitco's top three stories of the week:

3. Gold price rallies $30, silver price surges more than 3% as investors flock to safe-havens

2. Are gold prices about to fly? Gold is a hedge against a policy mistake, says Pepperstone

1. Bitcoin and Ethereum plummet as analysts link selloff to stocks volatility, hawkish Fed

By Anna Golubova

For Kitco News
 

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