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What Actually Drives the Price of Gold
Gold has four drivers that actually show up in the data: real yields, the dollar, central banks, and ETF flows. Here is how to tell which one is in charge, and why the rates correlation broke.
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Gold has four drivers that actually show up in the data: real yields, the dollar, central banks, and ETF flows. Here is how to tell which one is in charge, and why the rates correlation broke.