Posted 10/4/2023, 8:17:00 PM
Gold Still Glitters Despite Rising Yields as Central Banks Stock Up
- Gold remains attractive despite rise in bond yields as correlation has weakened
- Central bank gold purchases continue at a strong pace, signaling breakdown in dollar dominance
- Mining stocks offer substantial value compared to broader markets due to pessimism
- Growing US debt risks could spur more gold investment demand from Western investors
- Gold provides insurance value amid economic uncertainty even as miners offer upside
