Gold price is ‘vulnerable’ after $50 drop

Gold was down $50 at one point this week as it reversed last week’s gains and fell below the key psychological level of $1,800 an ounce. A stronger U.S. dollar and higher U.S. Treasury yields were the main drivers pushing the precious metal down. Here’s a look at Kitco’s top three stories of the week. 

3. Gold price is ‘vulnerable’ after $35 drop, last week’s rally loses steam – analysts
https://www.kitco.com/news/2021-09-07/Gold-price-is-vulnerable-after-35-drop-last-week-s-rally-loses-steam-analysts.html

2. Yellen warns of “irreparable damage” if debt limit is not raised, extraordinary measures run out in October
https://www.kitco.com/news/2021-09-08/Yellen-warns-of-irreparable-damage-if-debt-limit-is-not-raised-extraordinary-measures-run-out-in-October.html

1. Bitcoin price sees 10k swings as cryptocurrency becomes legal tender in El Salvador
https://www.kitco.com/news/2021-09-07/Bitcoin-price-sees-10k-swings-as-cryptocurrency-becomes-legal-tender-in-El-Salvador.html
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