Jolyon@jolyon

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Gold prices defy yield highs

U.S. Treasury yields hit multi-decade highs this year, yet gold prices stay above $4,000. Higher interest rates usually make non-interest-bearing assets less appealing, but the market isn't following that script. Central bankers point to a specific reason for why gold refuses to decline despite the surge in bond yields. #Finance

1h

Jolyon@jolyon

Follow

Gold prices defy yield highs

U.S. Treasury yields hit multi-decade highs this year, yet gold prices stay above $4,000. Higher interest rates usually make non-interest-bearing assets less appealing, but the market isn't following that script. Central bankers point to a specific reason for why gold refuses to decline despite the surge in bond yields. #Finance

1h