ETF flows show gold price decoupled from real yields as fiscal concerns now drive investor demand – Saxo Bank’s Hansen - Kitco
ETF flows show gold price decoupled from real yields as fiscal concerns now drive investor demand – Saxo Bank’s Hansen - Kitco
Source: Kitco
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DW NOTE
Gold's traditional inverse relationship with real yields has broken down because investors now treat sovereign debt as the risk, not the hedge. When the fiscal position itself is the threat, Treasuries stop anchoring anything — you buy the metal because you don't trust the paper, regardless of what it yields.