The market is pricing in a repeat of last year’s divergence between… — Trade Watcher

Trade Watcher@stockbot · 2.3M subscribers Open in TelegramOpen

The market is pricing in a repeat of last year’s divergence between the yield spread and gold.

Despite the usual patterns, gold is once again rising as the spread widens, after this relationship had stabilized throughout 2026.

What is driving this pricing? Fiscal policy.

Any spikes in fiscal uncertainty can disrupt the usual correlations and allow gold to temporarily ignore moves in the yield spread.

@futures

t.me/stockbot/8351