Bond yields fall rapidly, but the actual damage occurs in REAL yields (less inflation yields), as these reach historic lows. 10-year inflation yields remain stable at 2.3% to 2.5%, while US 10-year nominal yields remain a new drop to 1.16% (from ‘1.45% two weeks ago), which caused REAL yields to reach -1.2%, leaving very little alternative competition for unprofitable gold. I explained it recently to this video here the way current movements are one of the reasons gold will avoid the 2013-14 crash i in this video why the Fed / USTreasury will ensure to keep real yields down i what it means for the US dollar in this video.
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