Rising Rates Sting at Present, but Gold Can Still Shine
April 29, 2021 at 14:30 PM EDT
Investors looking for reasons why gold is slumping to start 2021 need not look much further than rising 10-year Treasury yields. Yields on benchmark U.S. government debt are on a torrid pace dating back to last year, and that’s pinching bullion, which is historically inversely correlated to...