Real Yields Are Crushing Gold in Short Term but Long-Term Picture Remains Intact

Gold is taking a sharp hit on Fed day, with the PHLX Gold/Silver Sector (^XAU) tracking nearly 2% lower. There has been a rotation out of safe havens ahead of the Federal Reserve’s afternoon decision even as the stock market takes a wait-and-see approach. The precious metal move snaps a quiet stretch and leaves bullion ... Real Yields Are Crushing Gold in Short Term but Long-Term Picture Remains Intact