Gold price breaches psychological mark above $1,500 as precious metal soars

From marketwatch.com

Gold prices on Wednesday jumped above an important psychological level at $1,500 amid a round of easy-money policies that helped to stoke fresh appetite for the perceived safety of precious metals. The 10-year U.S. Treasury note’s fall to new lows not seen since 2016 below 1.7%, also helped to drive demand for bullion. December gold on Comex added $21.70, or 1.5%, at $1,506 an ounce in recent trade, marking the highest level for the precious metal since 2013 based on most-active contracts, according to Dow Jones market data. “Gold captured the $1,500 an ounce level and the rally seems set to roll on as no one is ... (full story)