Loading ...The last time the rates were this high, 4.38%, was 10/22/22, and it had Gold down to $1,625. Here we are with the ten year at that same hight, and Gold is sitting on $1,922 today. Bottom line? The higher rates are not working. Or the higher rates ARE working to hold Gold DOWN to $1,922.
Gold: https://finviz.com/futures_charts.ashx?t=GC&p=d
Note 10 year at this height (click on 1 year) in 10/17/22:
https://finance.yahoo.com/quote/%5ETNX?p=^TNX&.tsrc=fin-srch
The idiots running things can’t win anymore.