JJPFF - Why Interest Rates Aren't Stopping Gold
2024-05-17 09:20:00 ET
Summary
- The demand for gold continues to rise as uncertainty around interest rates and geopolitical stability have more traders turning to safe-haven assets.
- April average daily volume for Micro Gold and Micro Silver futures increased 119% and 162% month over month.
- Gold's recent decoupling from yields shows the metal is increasingly being used as a trusted indicator for long-term uncertainty as opposed to yields, which have become more of a near-term gauge for where rates could head.
By Ivan Castano
At A Glance
- The demand for gold continues to rise as uncertainty around interest rates and geopolitical stability have more traders turning to safe-haven assets
- April average daily volume for Micro Gold and Micro Silver futures increased 119% and 162% month over month