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Bond yields may echo past gold price action, Tom McClellan suggests

Bond yields may echo past gold price action, Tom McClellan suggests
Bond yields echo gold price moves

Tom McClellan proposes an alternate explanation for the recent rise in bond yields and mortgage rates. He suggests that interest rates are following the pattern of gold prices from approximately 20 and a half months prior, rather than being driven by the Iran War or current geopolitical events.

McClellan has previously flagged connections between commodity and market trends. In one recent analysis, he argued that shifts in gold prices may indicate sustained higher oil prices. He has also tracked technical signals such as the NYSE meeting the initial condition for a Zweig Breadth Thrust.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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