Commodities Analysis and Opinion
Macro Signal Develops for Gold
2023.01.13 10:22
Gold and the 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.
