Gold nearly rose 3% on Thursday last week. This gold surge surprised many traders and investors. No one was expecting it. Know what? This recent gold surge was caused by the FED. The reason was simple FED wanted to fend off inflation concerns by the market. “Once we saw what the Fed was doing, and they were really right on course with the $10 billion [monthly reduction in quantitative easing] and they were on course on keeping rates low, and then you’re seeing the ECB and the Bank of England and they’re all keeping rates low, and then Draghi said they would do anything necessary to keep up with the economy recovering in Europe—this is all inflationary in the long run,” Gero said on Thursday’s “Futures Now.”