First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2022/01/07/the-onset-of-fed-tightening-usually-sparks-major-precious-metals-gains-002438
Precious metals markets are ringing in the New Year on a bit of a down note. Despite seeing some strength in late December, gold and silver prices retreated in the first few trading days of 2022. As of this Friday recording, gold is down 2.2% for the week to trade at $1,793 per ounce. It seems that every time the yellow metal breaks above the $1,800 level and raises hopes for a rally, prices get pulled back down into the trading range that has been in force since last summer.
