Gold price rebounds on rising yields, inflation concerns

“We are seeing investment flows into gold as market participants grow more anxious about rising real rates that can impact equity valuations,” TD Securities commodity strategist Daniel Ghali told Reuters.

On Monday, US benchmark 10-year treasury yields jumped to its highest in about a year, increasing the opportunity cost of holding non-yielding bullion.

However, rising real yields and inflation concerns have made equity valuations look more stretched in comparison and prompted investors towards safe haven assets like gold, which is widely viewed as a hedge against inflation .

“The dollar at the moment is low and that is supporting. Also, the real reason for the gold prices to increase in the longer term is the chances of inflation picking up,” Commerzbank analyst Eugen Weinberg commented.

Elsewhere, gold’s sister metal silver surged 2.4% to $27.94 per ounce, having soared to an eight-year high earlier this month.

(With files from Reuters)


This content was originally published here.


0 out of 5 stars(0 ratings)

Subscribe to Our Newsletter

money for gold logo

Learn About Buying and Selling Gold for the Best Prices

Get the latest news and expert advice on Gold!

We don’t spam! Read our privacy policy for more info.

Leave a Reply


According to the source, the country purchased a record 321 tons of gold in the first quarter, up from 124 tons a year…

Read more understands that your privacy is important to you and we are committed for being transparent about…

Read more

Share Great Content for Our Resource Section

About is a resource site created for those looking to sell their personal collection of gold - whether it’s jewelry, coins, bars, antiques, etc., anything made from gold can be sold for quick cash. We encourage visitors to signup and share quality “Money For Gold” resources.

Have a question or comment? Email us at:

50% Complete

Learn Where to Sell Your Gold for the Best Prices

Free 3-Minute, Practical Stories Delivered to You Everyday!
Buy, Sell, Invest in Gold Today!