Have you given up on gold? Surprising comeback after volatile week

Have you given up on gold? Surprising comeback after volatile week

It has been a very volatile week for gold. After dropping $30, the precious metal surged back to its very familiar territory of $1,750-$1,760 an ounce.

Soaring U.S. Treasury yields and a higher U.S. dollar were the main obstacles for gold. And despite avoiding a government shutdown in the U.S. this week, there is still the threat of default as the heated debt ceiling debate continues. Here's a look at Kitco's top 3 stories of the week:

3. Robert Kiyosaki: 'The biggest crash in world history' hits this October

2. Gold price sees double-digit drop as Yellen says failure to raise debt ceiling will trigger financial crisis, undermine U.S. dollar

1. Gold price jumps $40 as Fed's Powell says the U.S. still 'far from full employment'
 

By Anna Golubova

For Kitco News

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