Why Wheaton Precious Metals Zoomed 11% Higher Today

Wheaton Precious Metals stock surged 11% after the U.S. Treasury announced it would double its long-term bond repurchases to $4 billion or more per operation. This drove bond prices higher and yields lower, increasing demand for non-yielding investments like precious metals. However, the author cautions investors to be cautious given inflation concerns and potential Federal Reserve interest rate hikes.