✉news BusinessBanking first seen 1 d ago, last 1 d ago, peak #33
Gold seen climbing despite surge in US bond yields
Original: Entrenched premium leaves gold primed to climb despite surge in US bond yields
Reuters reports that gold is positioned to keep rising even as US bond yields surge, because an entrenched premium is supporting the metal. Analysts suggest that factors keeping gold trading above conventional fair-value levels are offsetting the usual pressure from higher yields, leaving the bullion market primed for further gains.
Why now: Rising US bond yields typically weigh on gold, so commentary that prices may still climb is drawing investor attention.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/720638