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Kitco News: Simultaneous Rate Hikes to Trigger ‘String of Financial Crisis’

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Kitco NEWS
Sep 24, 2022

After a failed attempt to rise back to $1,700 an ounce, gold is trading at the lowest levels since April 2020. And analysts say the worst is not over as there is a major risk that gold can drop below $1,600 an ounce. Here’s a look at Kitco’s top three stories of the week:

3. Swiss imports of Russian gold hit highest levels since April 2020
https://www.kitco.com/news/2022-09-20…

2. Gold price jumps as Fed’s Powell talks chance of recession and restrictive rates
https://www.kitco.com/news/2022-09-21…

1. Simultaneous rate hikes could lead to a ‘string of financial crises,’ warns World Bank
https://www.kitco.com/news/2022-09-19…

https://www.youtube.com/watch?v=yaYwNgY8UkY

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