The Commodities Feed: Gold Nears $2,200/oz In light of shifting monetary policy expectations, gold prices have soared, nearly touching the $2,200 per ounce mark. This recent surge, culminating in almost a 5% increase last week alone, has been propelled by a series of record highs over four consecutive sessions. The unexpected rise in the U.S. jobless rate has fueled speculation that the Federal Reserve may lean towards a more accommodative monetary policy, which in turn has weakened the dollar and reduced 10-year Treasury yields, further elevating gold’s allure. This rally has also resulted in the highest level of net speculative bullish bets on gold in two months, indicating a strong investor confidence in the metal as a valuable hedge in times of economic unpredictability. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Biden Has Forgiven $136 Billion in Student Debt – More Could Be on the Way READ MORE Five Key Trends Shaping the Global Commodities Landscape This Week READ MORE US Treasuries Boom: Paying Out $2 Million Per Minute Amidst Rising Yields READ MORE World Gold Council: Examining the US Election's Effect on Gold READ MORE Many Top Executives Withhold Financial Support in Trump vs. Biden Rematch READ MORE Add a Comment Cancel replyYour email address will not be published.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