From one of the worst to best-performing assets? All eyes on gold

Inflation in the U.S. is now at 7.5% — the highest level in forty years. For the U.S. stocks, this means more losses as markets price in a more aggressive Federal Reserve. But for gold, this means more demand as investors turn to the precious metal for protection.

Also, a warning from the U.S. that Russia could launch military action in Ukraine “any day” is pushing gold prices well above the $1,850 an ounce level. Here’s a look at Kitco’s top three stories of the week:

3. U.S. Mint sells 5 million ounces of silver in January, best start since 2017
https://www.kitco.com/news/2022-02-07/U-S-Mint-sells-5-million-ounces-of-silver-in-January-best-start-since-2017.html

2. From one of the worst to best-performing assets? Gold price to tackle $2,100 by year-end, says Wells Fargo
https://www.kitco.com/news/2022-02-08/From-one-of-the-worst-to-best-performing-assets-Gold-price-to-tackle-2-100-by-year-end-says-Wells-Fargo.html

1. The U.S. makes ‘largest financial seizure ever,’ taking control of $3.6 billion in Bitcoin stolen in 2016
https://www.kitco.com/news/2022-02-08/U-S-makes-largest-financial-seizure-ever-taking-control-of-3-6-billion-in-Bitcoin-stolen-in-2016.html
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