Gold's Golden Week: What's Behind the Metal's Surprising Surge? Gold had its best week in seven months, rising by 7% last week. The surge has left many investors wondering what's driving this sudden change in fortune.
While some attribute it to a weaker US dollar and falling Treasury yields, there are more factors at play. The Federal Reserve's uncertain hand when it comes to monetary policy is one key driver behind gold's rise.
The recent employment data was not disastrous; layoffs were low, private employment climbed by 30,000, and the seasonal effect of fewer government education jobs skewed the numbers.