World Gold Council: Elevated Real Rates Fail to Curb Gold as Central Banks and Asian Demand Support Pricing

BlockBeats News, August 6th, the World Gold Council stated that the importance of central bank purchases and Asian investor demand continues to rise, with these two sources of demand not necessarily moving in lockstep with US interest rates, the US dollar, and inflation. This does not mean that real rates have ceased to matter, but rather that gold's price drivers have become more diverse. In the short term, rising yields could still create headwinds; however, if tight policies eventually lead to a growth, inflation, or a "break" in some part of the financial system, long-term yields could fall back, combined with central bank and Asian demand, gold could still find support, although it may not necessarily repeat the excess returns seen in 2025. (FX168)