Gold breaks $4,000 as yields rise, Fed-rate relief fades - Kitco PM Report - KITCO
Gold breaks $4,000 as yields rise, Fed-rate relief fades - Kitco PM Report - KITCO
Source: KITCO
―
DW NOTE
Gold fell 6.8% this month to $4,038 — down 24% from January's peak — while the 10-year yield climbed to 4.54%. The headline blames rising yields for gold's decline, but that confuses cause and effect: yields rise when investors see less reason to hide in bonds, and gold falls when they see less reason to hide at all. Both moves reflect the same thing — receding panic, not monetary tightening.