Gold at $10k, silver at $500 due to 'a decade of shortage', inflationary black swan event

Posted by David Ogden on December 05, 2021 - 5:23am

Gold at $10k, silver at $500 due to 'a decade of shortage', inflationary black swan event

Gold's safe-haven appeal is yet to kick in. The precious metal once again failed to hold the $1,800 an ounce level. And that's despite high volatility in the U.S. equity space triggered by omicron fears. Here's a look at Kitco's top three stories of the week:

3. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen testify

2. Singapore piles into gold for the first since 2000 + Ireland buys gold for the first time in 12 years

1. Gold price at $10k, silver at $500 due to 'a decade of shortage', says Goehring & Rozencwajg

By Anna Golubova

For Kitco News

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