Gold Extends Drop as Surge in Treasury Yields Weighs on Demand

March 19, 2021 0 By boss

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“Powell didn’t say enough to calm the bond market yet, but he has a few speeches coming up soon which could see a change of tone,” John Feeney, business development manager at Sydney-based bullion dealer Guardian Gold Australia. “Gold investors are too fixated on bond yields right now, and ignoring the fact that gold can still rise in environments where bond yields and interest rates rise, as long as we see inflation.”

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