Amy Gower Says Gold Faces Rate and Dollar Headwinds
Amy Gower noted that gold faces pressure from rising bond yields and a strong dollar, though physical demand and central bank buying continue to support the metal's price.
Amy Gower said gold is facing significant near-term pressure from rising long-dated bond yields and a stronger dollar, noting that as a nonyielding asset it becomes less attractive when investors can earn higher returns elsewhere. Even so, she argued that gold remains well supported because the metal is still trading above $4,000 an ounce, suggesting other forces are offsetting those headwinds. Gower pointed to strong physical demand, including central bank buying, active purchases from China…
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