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 Market Data Hints at Massive Yen Intervention by Japan READ MORE Fed Minutes: Patience Prevails as Officials Await Clearer Inflation Trend READ MORE What is a Troy Ounce? READ MORE Food Wars Loom as Nations Hoard Supplies, Warns Agricultural Trader READ MORE Commercial Real Estate Concerns Lead to Higher Borrowing Costs for Banks READ MORE Add a Comment Cancel replyYour email address will not be published.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