Today’s top gold news and opinion

10/20/2023

Powell says inflation is still too high and lower economic growth is likely needed to bring it down (CNBC)
The central bank would be “resolute” in its commitment to its 2% mandate..

Researchers in Japan succeed in collecting deep-sea gold using algae (NHK)
They collected gold from near a 700-meter-deep hydrothermal vent

OTC demand pushing gold to Asia could be why prices can withstand 5% bond yields  (KITCO)
This past year, 500 family investment offices were opened in Singapore, compared to about 40 per year pre-COVID