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 A Guide to Trading Gold and Silver Futures Contracts READ MORE Real Estate Pain Is Showing Up in an Obscure Investment Product READ MORE Over 80,000 Global Enthusiasts Flock to HongKong’s Twin Jewellery Shows READ MORE Historic Debt Costs Loom: 2025 Debt Interest Costs to Exceed World War II Levels READ MORE Yellen Says She Regrets Saying Inflation Was‘Transitory’ READ MORE Add a Comment Cancel replyYour email address will not be published.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