Gold Nears Record Highs Despite Fed's Hawkish Stance on Rates Gold prices have held steady near record levels this year, gaining about 15% amidst ongoing geopolitical tensions in the Middle East and Ukraine. Despite a recent statement by Federal Reserve Chairman Jerome Powell indicating that interest rates might remain higher for an extended period due to persistent inflation, gold continues to attract safe-haven investments. This resilience comes even as Treasury yields and the dollar have risen, which typically dampens gold’s appeal. The metal’s sustained uptrend, in the face of higher borrowing costs and a stronger dollar, has caught the attention of market analysts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Bond Traders Eye Possibility of 50 Basis Point Fed Rate Cut After Inflation Data READ MORE Chinese Gold Appetite Wanes as Prices Soar and Economy Slows READ MORE OPEC Slashes Oil Demand Growth Outlook for 2024 and 2025 READ MORE U.S. Bankruptcies Experience Significant Increase in 2023, Expected to Rise Further in 2024 READ MORE Investors Reap Rewards Across Markets as Dow Hits 40,000 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment