Gold price could have a ‘shinier Q4’ despite 20-year highs in bond yields - FOREX.com’s Razaqzada - Kitco
Gold price could have a ‘shinier Q4’ despite 20-year highs in bond yields - FOREX.com’s Razaqzada - Kitco
Source: Kitco
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DW NOTE
Gold falling 21% from its January peak while the Strait of Hormuz stays closed and the Fed lifts rates tells you exactly what analysts won't: inflation hedges don't work when real rates turn positive. The 10-year Treasury now yields 5.24% against 3.4% CPI — that's a 184-basis-point real return for sitting in bonds while gold pays nothing and costs money to store. War premia evaporate when the alternative is getting paid to wait.