(Kitco News) Gold rose more than $70 this week after finally cracking the psychologically important $1,800 an ounce level. Gold hit a 10-week high on much weaker-than-expected U.S. employment data, a lower U.S. dollar, and a retreat in U.S. Treasury yields. Here's a look at Kitco's top three stories.
3. After hitting the $1,800 level, analysts were busy speculating what's next for gold. Many say there is momentum for higher prices, with growing inflation fears triggering risk-off trade into gold.
"With all the stimulus that is expected to come through, I can see why this narrative of more debt and higher inflation will continue to drive gold prices higher," said Robin Bhar, an independent market analyst.
WATCH - Gold price sees best week in 6 months
Gold price sees best week in 6 months by Kitco NEWS is licensed under N/A
Gold price sees best week in 6 months by Kitco NEWS is licensed under N/A