The subtle bullish catalysts for gold revolve around what look to be potential peaks in the 10-year yield, real yields as well as a continued decline in the oil price.
The subtle bullish catalysts for Gold revolve around what look to be potential peaks in the 10-year yield, real yields as well as a continued decline in the Oil price.
Continued declines in the 10-year yield and Oil would reflect declining inflation expectations and are potentially recessionary.
Gold is inversely correlated to real yields so a peak in the real 10-year yield obviously is bullish for Gold.
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