Rising bond yields aren’t holding gold back!
The IMF says global bond markets remain orderly, even as yields climb. Higher yields usually weigh on gold, but this time they may also reflect growing concern about inflation, government borrowing and fiscal risks.
Gold has stayed above $4,000 an ounce despite strong yields and a stronger dollar. If investors are demanding more compensation to hold government debt, higher yields may not be as bearish for gold as they seem.
TRADE $XAU HERE👇
The IMF says global bond markets remain orderly, even as yields climb. Higher yields usually weigh on gold, but this time they may also reflect growing concern about inflation, government borrowing and fiscal risks.
Gold has stayed above $4,000 an ounce despite strong yields and a stronger dollar. If investors are demanding more compensation to hold government debt, higher yields may not be as bearish for gold as they seem.
TRADE $XAU HERE👇
