The spot gold price cleared the psychological US$ 2,000 level last Friday as markets prepare for this week’s Federal Open Market Committee (FOMC) meeting that will conclude on Wednesday. Treasury yields have eased from recent peaks but remain elevated with the benchmark 10-year bond trading at 5.02% last week, its highest yield since 2007. It consequently…

Gold surged above $2,000 an ounce for the first time since May as concerns over conflict in the Middle East outweigh the impact of the recent jump in bond yields. Spot gold rose as much as 1.2% after Israel’s military said it was “expanding ground activity” in Gaza, putting the metal on course for the biggest…