Gold futures surged despite rising Treasury yields. - CME Group
Gold futures surged despite rising Treasury yields. - CME Group
Source: CME Group
―
DW NOTE
Gold is inverting: it's rising while the asset it traditionally moves against — Treasuries — also rises. That means investors are buying both safe-haven bonds *and* hard assets simultaneously. It's the portfolio posture of people who think neither government promises nor government paper will hold value.