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Calm stock markets today could help gold price hold support despite surging bond yields – MarketVector’s Yang
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(Kitco News) - Gold prices are struggling as persistent inflation pressures drive bond yields higher and force investors to continue to price in a more aggressive Federal Reserve; however, unusually calm equity markets could be providing an important source of support for the precious metal.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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