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U.S. central bank whose tightening expectations are cited as the main driver of both the prior gold decline and the August rebound.
The won closed at 1,397.7 on the 19th, down 14.1 in a session, even as the U.S. 30-year yield hit its highest since 2007. Exporter flow, not rate differentials, set the price.
Reality
HUG and MOLIT's three-party lease has the state hold the tenant's deposit and pay the landlord monthly. The counterparty risk does not disappear; it changes address.
Reality
SpaceX alone took 42% of global IPO money in the first half. For everyone else, the window is narrower than the headline number suggests, and the 30-year Treasury is at 5.32%.
Reality
Individual investors on the KRX Gold Market turned net buyers for the first time since May, but only after bullion futures had already added 9%. The flow is a read on Fed expectations, arriving late.
Reality