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Macro Signal Develops for Gold

01/13/2023

Less than a minute

2023.01.13 10:22

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Jordan Roy-Byrne, CMT

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.

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01/13/2023

Less than a minute