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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 October? Central bank rate hike programs depressed gold prices as the month went on in October. The dollar smashed all other currencies during October, fueled by the Fed’s determination to keep raising rates until something breaks. This added to the pressure on gold prices, as it became more expensive when bought with other currencies. Prices recovered temporarily when market expectations grew …

The post October 2022 in Precious Metals, by Steven Cochran appeared first on SurvivalBlog.com.

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