- Rising interest rates are good for gold and not negative.
- Kitco NEWS
Gold has remained under pressure as nominal yields continue rising on expectations for an improving economy, but with the U.S. 10-year nominal yield reaching 1.35%, a “tipping point” is about to be reached where the Federal Reserve needs to intervene in the open markets to cap rate increases said Alain Corbani, portfolio manager of Finance SA. This would be a very bullish scenario for gold, Corbani said.
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