Gold ETF demand defies rising bond yields as investors pour $31 billion into record third quarter – WGC - Kitco
Gold ETF demand defies rising bond yields as investors pour $31 billion into record third quarter – WGC - Kitco
Source: Kitco
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DW NOTE
Gold took in $31 billion in Q3 ETF inflows while 10-year Treasuries climbed toward 4.5% — the textbook relationship between rising real rates and gold demand broke. Investors are pricing something bond math can't capture: a US fiscal deficit running at 6% of GDP, the Strait of Hormuz closed for eight days, and a Federal Reserve that cut rates into 3.7% headline inflation. When sovereign debt looks like the risk rather than the hedge, gold flows don't care what the yield curve says.