Gold is throwing out the old rulebook - Kitco
Gold is throwing out the old rulebook - Kitco
Source: Kitco
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DW NOTE
Gold has rallied 61% in twelve months while real rates turned positive and the dollar held steady. That breaks the textbook correlation — gold was supposed to fall when the Fed hiked in September and when yields hit 5.11%. It didn't. Central banks bought 1,037 tonnes in 2025 and aren't slowing; that's not speculation, it's reallocation away from a reserve system that weaponises access.