Gold and the 2-year yield are not perfectly correlated but a falling two year yield (after a rate hike cycle) usually leads to rate cuts, which are bullish for Gold.
Gold and the 2-year yield are not perfectly correlated but a falling two year yield (after a rate hike cycle) usually leads to rate cuts, which are bullish for Gold. If the 2-year yield falls to 3.50% and below, it would also be a negative for the stock market. Gold and the stock market may have already discounted the end of the rate hike cycle.
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