Gold’s bull run isn’t over: TD Securities sees next leg above $5,000 - Kitco
Gold’s bull run isn’t over: TD Securities sees next leg above $5,000 - Kitco
Source: Kitco
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DW NOTE
TD Securities projects gold above $5,000 while the Fed just hiked rates for the first time in three years and the 10-year Treasury yields 4.96%. Gold rising in a tightening cycle with positive real yields means investors aren't buying a store of value — they're pricing the probability that central banks lose control of the very inflation they claim to be fighting.