-
Gold Hits Two-Month High as US Dollar, Real Yields Face Pressure
Gold pushed above $1,900 an ounce to hit the highest level in almost two months, aided by a weaker dollar, after posting the biggest annual advance in a decade. Silver also surged on the first full trading day of the new year, while platinum jumped to its priciest since 2016. Bullion is rallying as a gauge of the U.S. currency languishes near the lowest level since 2018. The gains in the traditional haven come even as U.S. and global stocks are at all-time highs amid expectations that widespread vaccine distribution in 2021, further central bank support, and government aid will reignite economic growth and underpin ... (full story)