Gold Price Outlook: Drivers Behind Market Boom, Reversal or New Record Ahead?

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Gold has soared and hit one record after another this year despite the rally in U.S. real yields, with the bulk of the bullish move taking place over the course of the past two months. What’s behind bullion’s boom?

has soared and hit one record after another this year, with the bulk of the bullish move taking place over the course of the past two months. During this upswing, the typical negative relationship between XAU/As the chart below illustrates, bullion has climbed even as real yields have risen relentlessly.

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