Gold is holding above $2,000 an ounce, but it’s not making any new significant gains. And silver is down more than 6% in the last five days.
Weaker economic data has reignited recession fears, keeping gold and silver on the sidelines because of lower demand expectations.
Here’s a look at Kitco’s top three stories of the week:
3. Palantir sells all of its gold-bar holdings worth $50 million
2. Confidence in Fed Chair falls to lowest on record as Jerome Powell attempts to balance inflation fight with banking crisis uncertainty – Gallup poll
Americans’ approval of gold as best long-term investment doubles from last year, says Gallup survey
1. Gold price should be at $2,200 right now, U.S. dollar is overvalued by 20%, says BCA Research
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