The Battle for Bullion – What is Really Driving Gold?

In late November, the renomination of Fed Chair Powell over Fed Governor Lael Brainard was considered a hawkish development. U.S. real yields rebounded higher, and gold wasted little time collapsing below $1800 before finding support near $1753 in mid-December. Since mid-December, real yields have rallied further away from the deeply negative levels of November. Evidence of […]

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