Gold’s resilience is being underpinned by fiscal strain, sovereign buying and a positive bond-equity correlation, Peter Spina says, citing UBS. The bank says gold is now more responsive to falling real yields than to rising ones, pointing to a shift in market dynamics.
published
Gold’s resilience is being underpinned by fiscal strain, sovereign buying and a positive bond-equity correlation, Peter Spina says, citing UBS. The bank says gold is now more responsive to falling real yields than to rising ones, pointing to a shift in market
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