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 Gold Hits New Peak: Why It's Just Getting Started READ MORE Bond Traders Eye Possibility of 50 Basis Point Fed Rate Cut After Inflation Data READ MORE When Could We See $50 Silver? Alan Hibbard on Schwab Network READ MORE Why Gold & Silver Prices Could Skyrocket in an AI World – Tavi Costa & Alan Hibbard READ MORE Global Recession Odds are 50/50 Citigroup Warns READ MORE Add a Comment Cancel replyYour email address will not be published.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