Gold Soars 10% Amid Rate Hike Expectations

Gold prices have surged by over 10% in recent days, despite expectations of higher interest rates.

This sudden rally has sent a major signal to investors about what may be on the horizon.

The SPDR Gold Shares ETF (GLD) has been at the forefront of this movement, with its price increase mirroring the growth in gold prices.

Despite markets initially pricing in a greater chance of rate hikes, which is normally a headwind for gold, investors are still flocking to the yellow metal.