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Have you given up on gold? Surprising comeback after volatile week

Posted by David Ogden on October 03, 2021 - 5:57am Edited 10/3 at 5:58am

Have you given up on gold? Surprising comeback after volatile week

It has been a very volatile week for gold. After dropping $30, the precious metal surged back to its very familiar territory of $1,750-$1,760 an ounce.

Soaring U.S. Treasury yields and a higher U.S. dollar were the main obstacles for gold. And despite avoiding a government shutdown in the U.S. this week, there is still the threat of default as the heated debt ceiling debate continues. Here's a look at Kitco's top 3 stories of the week:

3. Robert Kiyosaki: 'The biggest crash in world history' hits this October

2. Gold price sees double-digit drop as Yellen says failure to raise debt ceiling will trigger financial crisis, undermine U.S. dollar

1. Gold price jumps $40 as Fed's Powell says the U.S. still 'far from full employment'
 

By Anna Golubova

For Kitco News

Buy and Sell Gold and Silver with Free Storage

 

Bill Rippel Thanks for this update on Gold. I have given up on gold a few years back.
October 3, 2021 at 1:22pm
Adonel Lowings Thank you for sharing info.
October 3, 2021 at 7:51am
Edited 10/3 at 7:52am
Corneliu Boghian Great info , thanks for sharing .
October 3, 2021 at 6:20am