Gold’s $4,300 support faces another test next week as bond yields surge and jobs data looms - Kitco
Gold’s $4,300 support faces another test next week as bond yields surge and jobs data looms - Kitco
Source: Kitco
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DW NOTE
The Kitco headline calls $4,300 "support" as if bond yields are forcing gold downward. Gold is at $4,319 — up 63% year-over-year — while the Fed has just resumed rate hikes and real yields are back in positive territory. That's not support being tested; that's consolidation after a historic run driven by debasement concerns that haven't gone away.