Russia accuses West of stealing reserves, Bank of Canada surprise, and is Bitcoin safe haven again?

(Kitco News) Gold is now well anchored around the $1,650 level ahead of the big Federal Reserve meeting next week. Markets have already priced in another 75-basis-point rate hike, which would be the Fed’s fourth in a row. But the real focus will be on any talk of a slowdown when it comes to rate hikes. Here’s a look at Kitco’s top three stories of the week:

3. Bank of Canada surprises with a smaller 50 bps rate hike, gold priced in CAD jumps

2. Bitcoin’s correlation with gold is rising and here’s what that means – Bank of America

1. The West has ‘essentially stolen’ Russia’s gold and foreign exchange reserves, says Kremlin

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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