Gold recently regained momentum after the Federal Reserve began its easing cycle with a half-percentage point rate cut last month.
However, the latest upturn comes despite rebounds in Treasury yields and the U.S. dollar too, which might be expected to take the wind from gold's sails.
Higher yields typically make gold less attractive, as the metal doesn't offer any yield.
The 10-year Treasury yield has soared to 4.08% from around 3.7% over the past month.
The dollar index, which tracks the U.S. currency's performance against the euro, Japanese yen and others, is up nearly 3% over the past month.
Persons:
Gold, Andrew Brenner, Tim Hayes, Ned Davis, Hayes
Organizations:
Federal Reserve, U.S, NatAlliance Securities, Ned, Ned Davis Research, Treasury
Locations:
NatAlliance