Investors that pounced on the correction in bullion by piling into gold ETFs last month have been rewarded with an explosive rally on Thursday.

Greater official support for the Treasury market may lower opportunity cost of holding gold. Read more at straitstimes.com. Read more at straitstimes.com.

Gold prices surged after the Treasury cut borrowing costs. Gold reaching $10,000 by December priced at 3.1% YES.

Gold prices soared close to a two-month peak on Thursday after the U.S. Treasury announced bolstered liquidity measures. With yields falling and the dollar weakening, gold became…