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Gold fell below US$1,785 an ounce on February 24 as the US 10-year yield rose above 1.42% after Powell's testimony, then recovered as yields eased. The article notes that US 10-year yields have risen from about 1% in late January to near 1.4%.
Rising real rates raise the opportunity cost of holding non-yielding assets, a pattern that signals how rate moves transmit to commodity prices more broadly.
gold.orgAdam PerlakyFeb 1, 2021After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
