Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Why Gold Is Hitting New Highs While Bonds Sell Off
Gold is trading near $4,500 an ounce in early June 2026, up sharply even as real yields rise and the dollar holds firm. Lucas and Luna break down the disconnect: central bank buying, de-dollarization trends, and the shifting role of gold as a reserve asset. They look at the People's Bank of China's continued accumulation, the erosion of the gold-bond correlation, and what it means for a balanced portfolio. Specific data points include gold's 0.4% weekly gain versus a 2.38% 10-year breakeven, and the broader commodities picture where oil is up 3% but silver is down 2%. A tight…
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