Gold has demonstrated remarkable resilience in the face of a surging U.S. dollar and rising Treasury yields. The surge in the dollar and Treasury yields has been driven by rapidly rising inflation expectations as well as growing concerns about the U.S. fiscal situation.

Gold prices rose to a more-than-one-month high on Thursday after the latest U.S. economic data pressured the Treasury yields further, following a soft core inflation reading this week that increased bets for a more dovish Federal Reserve policy.

At least 78 people have died after authorities imposed a blockade on an illegal gold mine here, part of a monthslong standoff between prospectors and a government determined to force them to surface—often by cutting off their food and water.

Rescuers and volunteers have pulled at least 78 dead miners and more than 160 survivors from an abandoned South African gold mine.