Gold market to decline majorly…

The gold market is suffering, despite the fact that the economy got off to a solid start this year. Because the pace of inflation is not declining quickly enough, the Federal Reserve may need to hike rates more than initially anticipated.

Here are the top three stories from Kitco this past week:

3. Macro data: U.S. retail sales increased in January, pushing the gold price below $1,850.

2. Frank Giustra issues a warning that the dollar will lose its dominance in the world’s “bifurcated” monetary system.

1. Billionaire John Paulson: Since central banks are switching from using dollars to gold, it is wiser to invest in precious metals rather than dollars.