Longtime economic commentator believes the West should be paying more attention to adversaries
The yellow metal is surging past its previous inflation-adjusted peak of $2,553 an ounce in 1980.
The economy was supported by gains in consumer and state spending and in investment in fixed assets, while exports fell.
Slight drops noticed in gold, silver after U.S. producer price index showed no increase in October
"A prolonged war on multiple fronts could weaken economic activity further and heat inflation, raising the risk of stagflation," Barclays economist said.
Lower unemployment print reignites talks about inflationary pressures and the Federal Reserve’s focus on jobs.
With economists at odds with whether the Chinese stimulus package can result in dollar inflation, it could be that China’s move is a shot at the U.S. economy
Gold is typically known as a hedge against inflation, but the facts show a bit of a different tale. There’s still a place for the precious metal.
Inflation has risen back above the Bank of Israel's annual target range upper limit of 3%.
Gold fever hits Wall Street! Experts predict price surge as Fed rate cuts loom. Is now the time to buy?