Gold made an eight-month high overnight despite the US Dollar gaining against most currencies.
The US 10-year real yield dipped under 1.35% today as it continues to slide from the late December peak above 1.6%.
The real yield is the nominal Treasury note yield less the breakeven inflation rate for the same tenor. As gold does not possess an interest rate of return, changes in the real yield of alternative investments may play a role in sentiment toward its value.
