UBP bearish on gold due to rising interest rates

13 July 2017 | 1 minute read

UBP believes gold is becoming less attractive given tightening monetary policies and higher long-term G10 bond yields, which will weigh on gold prices and raise the opportunity cost of holding the yellow metal. “Unless inflation subsides from here, there is little reason to think that [bond] yields will slide below 2% again while US growth continues to be positive,” the…

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