Gold on a Tear. Will it Continue to Rise with US Equities?

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Gold on a Tear. Will it Continue to Rise with US Equities?

Gold on a Tear. Will it Continue to Rise with US Equities?

The US market, and many others around the globe, are on a roll, along with gold closing at its highest level since 2012. That is not the typical correlation, but then these aren’t typical times.

Chris Weston, head of research at Australian broker Pepperstone, says the same underlying reason is driving both — the U.S. bond market. It isn’t easy to see in the price action, and the 10-year yield BX:TMUBMUSD10Y barely budged on Tuesday. The movement is in real, or inflation-adjusted terms, as the yield on the Treasury Inflation-Protected Securities, or TIPS, heads into ever deeper negative territory. Read more…………..

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