#gold-surge

#gold-surge

U.S. stock indexes rose modestly while gold and silver surged, driven by earnings beats, Nvidia investment in AI infrastructure, and government funding for rare-earth production.

The U.S. dollar plunged after a New York Fed 'rate check' signaled possible coordinated support for the yen, while gold surged above $5,000 and traders fled the dollar.

Gold futures have risen nearly 71% this year, their best gain since 1979, driven by geopolitical risk, Fed cuts and a weaker dollar.

Investors are simultaneously chasing risk assets and safe havens amid missing U.S. economic data and concerns about high global government debt.

UK 30-year gilt yields climbed to 5.680%, the highest since 1998, increasing long-term borrowing costs and pressuring fiscal policy choices.