Dovish Fed to Send Gold Higher

Gold and US real rates have long had an inverse relationship. Gold rallied to all-time highs while monetary policy was being made historically accommodative through quantitative easing. Then, as these measures were reduced and the Fed moved towards the beginning of a new tightening cycle a bear market in the metal began, leading the metal to almost halve from its prior highs.

First published here: Dovish Fed to Send Gold Higher