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[Opinion] Powell dismisses gold’s rally above $5,300, says Fed is not losing credibility
Summary by Kitco NEWS
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2 Articles
Gold hits $5,300! How far can this rally go?
Gold has surged to fresh all-time highs this week, pushing above US$5,300 per ounce for the first time ever. The move extends one of the strongest rallies the precious metal has seen in decades. Prices are now up more than 20% over the past month, with spot gold currently trading around US$5,321 after hitting a record intraday high of US$5,325.49 this morning. The surge reflects rising demand for defensive assets as investors respond to ongoin…
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