Gold Rips Up Record Book as $2,000 Test Looms in Hunt for Haven
- Weaker dollar, negative U.S. real rates spur prices higher
- Fed officials meet this week, may open path for further gains
This article is for subscribers only.
Gold’s unrelenting march higher shows no signs of slowing after a plunge in the dollar swept prices past the previous high set in 2011 and put the metal on track for even bigger gains.
Bullion’s surge came as a gauge of the U.S. currency sank to the lowest in more than a year, the latest in a long line of bullish factors -- including negative real rates in the U.S. and bets the Federal Reserve will keep policy accommodative when it meets this week -- that are pushing prices ever higher.