Gold should be trading at $2,200 right now

Gold is holding above $2,000 an ounce, but it's not making any new significant gains. And silver is down more than 6% in the last five days. 

Weaker economic data has reignited recession fears, keeping gold and silver on the sidelines because of lower demand expectations. 

Here's a look at Kitco's top three stories of the week:

3. Palantir sells all of its gold-bar holdings worth $50 million
https://www.kitco.com/news/2023-05-11/Palantir-sells-all-of-its-gold-bar-holdings-worth-50-million.html

2. Confidence in Fed Chair falls to lowest on record as Jerome Powell attempts to balance inflation fight with banking crisis uncertainty - Gallup poll
https://www.kitco.com/news/2023-05-09/Confidence-in-Fed-Chair-falls-to-lowest-on-record-as-Jerome-Powell-attempts-to-balance-inflation-fight-with-banking-crisis-uncertainty-Gallup-poll.html

Americans' approval of gold as best long-term investment doubles from last year, says Gallup survey
https://www.kitco.com/news/2023-05-11/Americans-approval-of-gold-as-best-long-term-investment-doubles-from-last-year-says-Gallup-survey.html

1. Gold price should be at $2,200 right now, U.S. dollar is overvalued by 20%, says BCA Research
https://www.kitco.com/news/2023-05-09/Gold-price-should-be-at-2-200-right-now-U-S-dollar-is-overvalued-by-20-says-BCA-Research.html

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