Welcome to SurvivalBlog’s Precious Metals Month in Review, where we take a look at “the month that was” in precious metals. Each month, we cover gold’s performance, and the factors that affected gold prices. What Did Gold Do in August? This was a rough month for gold, as central bank rate hikes sent the dollar to 20-year highs and US markets began to think that inflation has already peaked. The Bank of England raised interest rates by 50 bp as expected on August 4th, but its forecast of a 15-month recession starting by the end of the year AND 13% …
The post August 2022 in Precious Metals, by Steven Cochran appeared first on SurvivalBlog.com.
