Gold Is Falling With Stocks and Bonds Are the Reason

Gold price outlook has turned defensive as rising bond yields lift the cost of holding a metal that pays no interest and the dollar firms. Fawad Razaqzada, StoneX Media Market Analyst, breaks down what is driving gold lower and what the Federal Reserve meeting changes for the metal. Rising oil prices are keeping inflation concerns alive and pushing U.S. Treasury yields higher, which weighs on gold and bitcoin because neither pays a yield. Equity markets are struggling at the same time, so gold is not behaving as the refuge a risk off tape normally produces. Until the dollar debasement trade returns, the U.S. dollar remains the dominant driver. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fawad_razaqzada&utm_content=share 00:00 - Gold Sinks as Yields Climb 00:29 - Zero Yield Has a Price Now 00:58 - Debasement Trade Goes Quiet 01:25 - August Momentum Has Faded 03:17 - Fed Guidance Is the Real Risk 03:40 - Bond Yields Set the Macro Tone Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social #Gold #StoneX #FawadRazaqzada #Bitcoin