Gold to shine further amid falling US yields, coronavirus crisis – CBA

In the view of the analysts at the Commonwealth Bank of Australia (CBA), gold prices are likely to benefit further from falling US Treasury yields amid the coronavirus resurgence worldwide.

Key quotes

“Rise in COVID-19 cases is at the heart of the recent gains for gold.

A sustained decline in US 10-year real yields will provide support.

As yields fall gold looks more attractive relative to interest-bearing securities.”

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