The $145 Trillion Market That Moves Gold More Than the Fed

Everyone watches the Fed for clues on gold. The real mechanism runs through bonds: the real yield they quietly set, why Treasury selling doesn’t mean gold buying, and why central banks keep buying anyway. The video breaks down what the Fed can’t explain.
The Long Bond Hit a 19-Year High. Inflation Expectations Didn’t Move.

The 30-year Treasury yield hit a 19-year high while inflation expectations barely moved. That gap explains why gold fell 1.1%, and why the reason it fell strengthens the long-term case.
