Is the Fed any closer to pivoting

The price of gold is looking to end the week down 0.7% as rumors that the Federal Reserve will signal next week that it is ready to slow its aggressive monetary policy rate hikes. The Bank of Canada raised interest rates by only 50 basis points instead of 75. Initial reading of U.S. Gross Domestic Product for the third quarter shows the economy growing by 2.6%. Data from Friday shows that higher inflation remains a persistent threat. Instead of trying to catch the elusive pivot, many analysts are recommending that investors look at gold as a long-term investment and safe-haven asset. The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. and the author. . . .