Despite Economic Headwinds, Gold Continues Its Surprising Uptrend Gold prices have remained stable near record highs despite the Federal Reserve Chair Jerome Powell’s recent remarks suggesting that interest rates may be maintained for a prolonged period. This year, gold has appreciated by about 15%, bolstered by safe-haven demands due to escalating geopolitical tensions in the Middle East and Ukraine. Even though rising Treasury yields and a stronger dollar typically undermine gold’s attractiveness, the metal has continued its upward trend, surprising many observers. This resilience is supported by significant central bank purchases and growing demand from Chinese consumers. As of the latest trading session in London, spot gold was priced at $2,382.40 per ounce, nearing its peak of $2,431.52. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Slides Below $2,000 As U.S. Inflation Exceeds Expectations READ MORE Saudi Arabia Officially Joins BRICS READ MORE Gas Prices Could Soar Past Last Year's Rates Amid Refining Woes READ MORE Zimbabwe Announces Plans to Introduce Gold Backed Currency READ MORE Gas Prices Hit Six-Month Low: What's Driving the Downward Trend? READ MORE Add a Comment Cancel replyYour email address will not be published.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