Gold has continued to strengthen despite a US Federal Reserve rate hike and a sharp rise in real yields, suggesting that the traditional inverse relationship between real yields and gold prices has weakened, according to a release by Monarch PMS.
The release further said that Gold rose to around $4,385 per ounce on September 18, from $4,242 on August 6. Silver also gained 6.5% to around $65.7 per ounce during the period.
