Gold: As expected, the US Federal Reserve did not fast-forward the timeline to raise their Fed funds rate. Gold prices have decoupled from the TIPS (Inflation linked Treasury bonds) and we don't expect this to continue. It would be matter of time before gold bounces as it cannot fall in an environment of falling yields.The 10-YR US Treasury yield has fallen from 1.366 per cent to 1.244 per cent in a matter of 8 trading sessions yet there is no spike in gold prices.
While wait for the outcome of the US Federal Reserve's meeting was one reason for
While wait for the outcome of the US Federal Reserve's meeting was one reason for