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

Michael Pento

graphic image 'store of value' showing chest of gold“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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