Gold Prices Extend Rally Amid Rising Inflation Concerns

Gold prices extended their rally for a third consecutive day, surpassing $2,675, as investor concerns about rising inflation intensified. This surge in gold prices coincides with a spike in global yields, driven by anxieties that recent stimulus packages and potential tariff increases could reignite inflationary pressures. Traders are increasingly viewing gold as a safe-haven asset to hedge against these inflationary risks.

Several Federal Reserve policymakers are scheduled to deliver speeches today, providing insights into the central bank’s monetary policy outlook. These speeches will be closely watched by market participants as they attempt to gauge the Fed’s stance on interest rates and its assessment of the evolving economic landscape.