The gold price surged on Thursday as the US bond yields fell and the Bank of England warned the United Kingdom's economy could be headed for a recession later this year with inflation rising as high as 13%. XAU/USD has pushed don within its weekly bullish correction to mark a high of $1,794.23. Gold for December delivery was printing above $1,800 per ounce. Gold has been benefitting from softer US bond yields, bullish for gold since it offers no yield. The US 10-year note was last seen paying 2.699%, down 0.26% on the day. The US dollar was lower vs. most major currencies on Thursday, down some 0.5% at the time of ... (full story)