Simultaneous rate hikes to trigger ‘string of financial crises’

Simultaneous rate hikes to trigger 'string of financial crises'


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/Swiss-imports-of-Russian-gold-hit-highest-levels-since-April-2020.html

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

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