Commodities Analysis and Opinion

Subtle Bullish Catalysts for Gold

2022.11.28 09:37

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Jordan Roy-Byrne, CMT

The subtle bullish catalysts for revolve around what look to be potential peaks in the yield, real yields as well as a continued decline in the 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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