Live gold chart, technical rating and analysis of the real-yield and central-bank demand backdrop.
Gold pays no coupon, so what it competes against is the real return available on a risk-free asset. Watch inflation-adjusted yields before anything else.
Real yields, official-sector buying and the dollar do most of the work in gold. Inflation headlines, despite the folklore, do surprisingly little on their own.
Three scenarios for XAU/USD, each tied to a specific macro condition, with the behaviour that would confirm or kill it.
Every euro rally of the past two years has run into the same wall: the spread between what the market…
Real yields, official-sector buying and the dollar do most of the work in gold. Inflation headlines, despite the folklore, do…
The halving cycle shaped every previous Bitcoin bull market. With regulated funds now setting the marginal bid, the framework needs…
The rate decision is rarely the news. The market trades the changed adjectives, the vote split and the projections —…
