The backdrop is fertile for gold prices to stay smoldering.

In case you have been living under a giant gold rock, the price of the yellow metal has surged about 11% to $1,413 an ounce in the past 30 days. Credit for the out-of-the-blue rise — which has also extended to gold mining stocks such as Barrick Gold (GOLD) (up 36% past month) — goes to President Donald Trump and his hand-picked Federal Reserve Chair Jerome Powell.

Read more at Yahoo Finance.