LONDON, 19 October 2023 – Higher long-term interest rates are depressing Western investor demand for gold says German newspaper Handlesblatt today, quoting analysis from BullionVault.
"The market is now expecting interest rates to stay high for an extended period," says director of research Adrian Ash, "and the yield curve is much steeper than before."
That offers investors a better interest rate on bank savings, making gold less appealing than during the prior 15 years of low or even negative cash rates.
Read the full story (in German) with a subscription to Handelsblatt here:
Goldpreis auf höchstem Stand seit elf Wochen – Ist die Rally nachhaltig?
Source:
Handelsblatt
