Gold: It’s all about real interest rates not the dollar

Michael Pento

“Again, the primary driver of gold isn’t the direction of the dollar but the direction of real interest rates. . . The year-over-year change in core CPI increased 2.4% in August, which was the highest level in a year. All the while the US 10-year Note yield was crashing from nearly 3% to 1.6% over the past 12 months. Therefore, real yields have been crashing as gold has been rising.”

USAGOLD note:  An explanation on why the dollar and gold have been rising in tandem . . .

Image courtesy of Visual Capitalist

Repost from 10-8-2019

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