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 America Blew Almost $2 Trillion. Make It Stop: Kathryn Edwards READ MORE Gold's Market Share: "As Irrelevant As A Pimple On An Elephant's Behind" – Rick Rule READ MORE U.S. Economic Growth Hits 3.2% in Q4, Marking Six Quarters of Sustained Expansion READ MORE Ports as Pawns: The $2 Trillion Transformation of Global Trade Hubs READ MORE Record-Breaking July for CME Group: 24.8 Million Contracts Traded Daily READ MORE Add a Comment Cancel replyYour email address will not be published.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