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Commodities: Gold defies rising bond yields, but why?

Commodities: Gold defies rising bond yields, but why?

FromSaxo Market Call


Commodities: Gold defies rising bond yields, but why?

FromSaxo Market Call

ratings:
Length:
16 minutes
Released:
Oct 26, 2023
Format:
Podcast episode

Description

Today we talk about rising gold prices despite rising yields in a move that smells of investors seeking hedging for a financial system in which something could soon break due to rising bond yields. We also talk about the oil market and how it is perceiving supply disruptions amid the escalating war between Hamas and Israel. Finally, we touch on the strong gains in soft commodities such as orange juice, cocoa touching a 44-year high, and sugar touching a 12-year high, with Peter Garnry and Ole S Hansen.
Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.
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Released:
Oct 26, 2023
Format:
Podcast episode

Titles in the series (100)

The Saxo strategy team delivers insights and opinions about financial markets in a series of weekly podcasts covering all asset classes. Monday is our conversation about macroeconomy, currencies, and central banks. Tuesday is all about fixed-income ranging from governments bonds to credit. Wednesday is a jump into global equities covering earnings, themes, and single stocks. Thursday is our journey into commodities covering everything from natural gas to soybeans.