Gold Prices Surge Beyond $2,010, Reaching the Highest Level in Six Months

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2023-11-29

Two consecutive weeks of gold prices rose on Monday (27) in the United States before the tender sale of bonds rose again, once rose to the highest price in six months, the market is expected to the Federal Reserve Board (Fed) has ended the interest rate hike, the weakening of the U.S. dollar to support the price of gold.

The U.S. Treasury Department will tender a new wave of bonds, starting with two- and five-year bonds on Monday, and the results will help gauge whether investors expect the selling pressure on U.S. bonds to be over for the year.

Wall Street strategists are predicting that the recent downward trend in bond values will continue into 2024. Falling yields are generally favorable for non-interest bearing gold.

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