Higher Rates Fail to Break Gold as Structural Forces Offer Firm Support - Standard Chartered

Gold’s link to real interest rates is fading even as higher U.S. rates and a firmer dollar may add near-term volatility. Suki Cooper of Standard Chartered highlights that structural drivers including de-dollarization and official-sector buying continue to underpin the metal. Prices have rebounded from the Fed’s 25-basis-point hike and are seeking support near the 50-day moving average.