Finimize: Gold Glitters as Equities Stumble and Bond Yields Decline
Article by Finimize
What’s going on here?
Gold prices have surged for two consecutive sessions, nearing record highs as declining equities and bond yields, coupled with market anxieties, drive investors towards the safe haven.
What does this mean?
Gold is shining brighter amid a sea of market uncertainty.The precious metal's price, now at $2,676.63 per ounce, is closing in on its late September record of $2,685.42, alongside US gold futures climbing to $2,693.30.
The dip in benchmark 10-year note yields to a one-week low is bolstering gold's appeal, as investors shy away from ......