Gold, Silver Face Rising Yields and Stronger Dollar - SD Bullion
Gold, Silver Face Rising Yields and Stronger Dollar - SD Bullion
Source: SD Bullion
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DW NOTE
Gold is down 22% from January and silver down 47% while the Strait of Hormuz sits blocked, Russia batters Ukrainian infrastructure ahead of winter, and producer prices run at 5.4%. Investors are choosing nominal yield over physical metal in the middle of a supply shock. That bet assumes the institutions issuing those yields will still exist to honour them.