Gold's biggest headwind may finally be peaking - KITCO

Source: KITCO

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DW NOTE

The dollar index is down 1.4% this week while real yields have compressed 18 basis points — that's the headwind Kitco means, not some abstract force. Gold doesn't care about narratives; it cares whether holding dollar-denominated paper pays more than holding metal. When 10-year TIPS yield 1.8% instead of 2%, the calculus shifts. If the Fed cuts in September as futures now price, that headwind turns into a tailwind within six weeks.

Read the full story at KITCO →