Shale Productivity Is Reaching Its Limit

1. Gold prices surge- Gold hit a new high this week, closing over $2,000 per troy ounce for the first time. - While a specific reason for the latest rally is unclear, it is “probably the expectation of further stimulus measures on the part of governments and central banks that is driving prices ever further up,” Commerzbank wrote in a note. - The weakening U.S. dollar is boosting gold. “Bond yields are also on a clear downward path, which is likewise lending tailwind to the gold price,” Commerzbank said. - Some analysts…