(Bloomberg) — Deepening negative real yields in the U.S. Treasury market are fueling a frenetic rally in gold that’s boosting the precious metal toward a record.Bullion has gained 24% this year and is about $45 from an all-time high. And with five-year Treasuries now yielding -1.16% once the effects of inflation are stripped out, the lowest close in seven years, there’s little reason to expect a slowdown in precious-metal buying as investors fret about the economic outlook, prospects for further outbreaks of Covid-19 and the impact of central-bank bond buying.“Gold is a superior form of purchasing power protection and as …read more
Source:: Yahoo Finance
