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Why investors are still buying gold despite a strong dollar and rising Treasury yields
By Myra P. Saefong
MarketWatch, New York
Thursday, January 9, 2025
Gold prices settled today at their highest level in four weeks, defying their usual inverse relationship with strength in the U.S. dollar and gains in Treasury yields, as fiscal worries prompt investors seek out safe-haven assets.
"Dollar strength, rising Treasury yields, and a rising gold price are all evidence of global concerns with the U.S. fiscal situation," Brien Lundin, editor at Gold Newsletter, told MarketWatch.
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"The 'bond vigilantes' are demanding higher returns in light of the risk that Treasurys represent, with the U.S. debt and deficits at such elevated levels relative to GDP." ...
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