Gold MarketsThe Fed cuts rates and gold rallies — except when it doesn't. A historical review of every cutting cycle reveals the conditions under which the relationship actually holds.
Gold MarketsThe single most reliable headwind for gold is rising real yields. The mechanism is simple, the historical record is clear, and the recent exceptions are instructive.
Gold MarketsGold lost 12% in eight days, then rallied 40% to a new record. The 2020 round-trip is a master class in how gold behaves through liquidity events and policy responses.