Gold prices continue to languish below $1,800 an ounce as investors interpret the re-nomination of Jerome Powell to remain the head of the Federal Reserve as a hawkish development for monetary policy. However, commodity analysts at Scotiabank said in a report Wednesday that the selloff in gold could be overdone and the precious metal price looks well supported in 2022. The Canadian bank looks for gold prices to average next year around $1,850 an ounce, representing a 3% gain from current prices. U.S. markets are closed for the Thanksgiving holiday, but gold's spot price last traded at $1,788.30 an ounce, roughly ... (full story)