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US 10-year Treasury yield
Gold pays no interest, so when bond yields (especially real, after-inflation yields) rise, holding gold costs more and it tends to soften. Falling yields and rate cuts are classic gold tailwinds.
Why it matters
Gold pays no interest, so when bond yields (especially real, after-inflation yields) rise, holding gold costs more and it tends to soften. Falling yields and rate cuts are classic gold tailwinds.
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