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Gold Defies Bond Rout as Central Banks Accelerate Purchases

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Gold prices remain resilient despite surging global bond yields, driven by central bank reserve diversification, widening sovereign debt deficits, sticky inflation, and Middle East geopolitical tensions.
  • Goldman Sachs forecasts gold reaching $4,900 per ounce by end-2026, as official reserves increasingly favor bullion over U.S.
  • Treasuries.
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XAUUSD price history

4353.80 -5.11% over the displayed period

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