#GoldVsHighRates

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About GoldVsHighRates

COMEX gold closed at ~$4,339 on Sep 22, easing from this year's record but remaining elevated. Fed rate hikes, high real yields and a strong dollar weigh on gold, while ETFs, central banks and wealthy investors add exposure. Gold ETF holdings hit a record in Aug, and China's imports topped 1,000 tonnes in the first eight months. Bernstein targets $5,700; UBS sees rates as a short-term headwind; Citi notes stronger family-office demand. Focus is whether structural buying can offset rate pressure.