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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…

Gold price and silver price to 'eclipse' record highs in 6 months, this is the trigger It's been "a mad world" out there with record-high equities, real estate and more. But the long-awaited surge in gold and silver is coming in the next six months, said Mike Larson, senior analyst at Weiss Ratings. "If you're in a world where many assets are over-valued, where real estate is extremely highly valued, stocks are extremely highly valued, and so on. What hasn't…

Another failure at $1,800, what happened? Gold's trading pattern got many analysts excited this week, with some even saying that hotter-than-expected inflation data was a game-changer for gold. But things didn't pan out as expected, with gold tumbling nearly $30 on Friday following a strong retail sales number out of the U.S. So what happened? Gold started to rally when the International Monetary Fund trimmed its global growth forecast, citing rising risks from supply chain bottlenecks, price pressures, and threats…

Rally or selloff next week? Gold price is waiting for a catalyst and this could be it – analysts Gold has once again failed to break above the $1,800 an ounce level, but one looming driver can take the precious metal out of its trading range, according to analysts. Many experts in the space are warning investors of a possible sell-off in U.S. equities, and it just might be what gold needs this fall. Goldman Sachs Group, Morgan Stanley, Citigroup…

Are gold stocks set for explosive growth like last summer? Yamana exec Peter Marrone on challenges, opportunities With the challenges of shutdowns brought by COVID-19 largely behind us, miners can now focus on rebuilding production to maximum capacity. Inflation now remains the biggest challenge to miners, said Peter Marrone, executive chairman of Yamana Gold. “It seems to me that the challenge that is fronting this industry presently is inflation, and how to interpret it. Is it transitory, or does it…

Gold seems stuck at $1900. Are inflationary fears exaggerated? Gold is fluctuating around $1,900 amid a sideways trend in real interest rates and a decline in inflationary expectations. Gold surpassed $1,900 at the end of May. However, it has been struggling since then to rally decisively above this level. Instead, the price of the yellow metal has been oscillating around this level, as the chart below shows. Why is that and what does it mean for the gold market? Well,…