Gold faces rising yield threat as 10-year Treasury approaches 5%, but debasement demand provides support - KITCO
Gold faces rising yield threat as 10-year Treasury approaches 5%, but debasement demand provides support - KITCO
Source: KITCO
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DW NOTE
The 10-year at 4.95% is nowhere near 5% in any sense that matters for gold positioning. More to the point: gold is down 17% from its January high while the Strait of Hormuz has been effectively closed for seven months and oil has jumped 20% this month. That's not debasement demand providing support — that's debasement demand failing to offset real rate pressure.