Gold headwinds return | Today’s top gold news and opinion

“Despite some of the near-term setbacks for gold,” it says, “we should remember that the bond yield curve is the most inverted since the early 1980s. Gold has historically performed well during bear market flattening inversions. Historically, yield curve inversions are followed by recession (albeit with long lags). Markets are fearing that central banks could easily overdo the tightening in their inflation fight. Gold is often highly sought after in periods of economic and financial uncertainty as the metal presents strong defensive hedge qualities.”