The yellow metal rallied an incredible 7.3% last month to close at $1,983 an ounce, its strongest October since 1978 when it jumped 11.7%.
The bond market’s selloff accelerated after a surge in U.S. hiring raised expectations that the Federal Reserve will need to raise interest rates again this year.
A storm of public and private debt is brewing in the U.S., and the troubles are already beginning to show on the surface as loans pile up and borrower confidence falters.
Geopolitical, economic, and environmental uncertainty can be expected to continue in the near term. Astute investors continue to seek out alternative investments for their portfolios to aid in diversifying them away from overexposure to any single asset class.
Many investors have continued adding physical precious metals into their portfolios for this purpose whenever temporary price dips have afforded them the option to do so at a relative discount.