Gold Prices Surge on Geopolitical Tensions, Then Dip After Fed Comments Gold prices initially surged to an all-time high on Monday due to safe-haven demand amid increased geopolitical tensions following the death of Iran’s president. However, comments from Fed Vice Chair Michael Barr, indicating that interest rates would need to remain high to combat inflation, caused gold to pare its gains, trading around $2,410. Barr’s remarks also boosted the US dollar slightly. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Historic $14M Digital Yuan Transaction for Gold Marks New Era in Cross-Border Trade READ MORE US Debt and the Rising Specter of Bond Vigilantes: A Financial Stability Threat? READ MORE Wall Street Weighs Impact of Biden-Trump Rematch on Financial Markets READ MORE Currencies Rally Against Dollar as Fed Rate Cut Expectations Grow READ MORE Decoding the Drivers Behind Bullion's Sudden Ascent READ MORE Add a Comment Cancel replyYour email address will not be published.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