Gold prices (XAU/USD) gained ground on Thursday, rising for the second consecutive trading session after the Federal Reserve embraced a dovish posture at the conclusion of its December monetary policy meeting on Wednesday afternoon, an unexpected outcome that triggered a substantial drop in U.S. Treasury yields and the U.S. dollar.
With bond yields and the greenback in free fall, precious metals may have more upside in the near term. In this context, it wouldn’t be surprising to witness bullion climb to new heights and possibly hit another record before the end of the year.
