Gold prices defied significant resistance from a strong dollar and surging Treasury yields to reach the highest levels in nearly half a century in October. The precious metal saw its prices rise by 7.3% in October and closed the month at $1,983 an ounce, achieving the highest rally since 1978 when gold prices increased by a whopping 11.7%.
Since gold doesn’t earn any interest, its prices have traditionally faltered when bond yields went up, with higher bond yields causing gold prices to…
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