Interest Rates vs. Gold: 3 ways the Fed impacts gold
Gold and interest rates have an inverse relationship. When interest rates fall, the price of gold tends to rise, and vice versa.
yields
Momentum is hot in the metals market
An unexpected slowdown in the CPI caused a sharp drop in the dollar, incentivizing buyers to chase gold and silver.
Gold surges in the face of rising yields
Typically, rising yields are bad for gold. Not this year. Rising yields represent an increasing risk of a public debt crisis, for which gold may be the only remedy.