In recent years, the price of gold has closely followed the trend of Japan's 10-year government bond yield.
Today, the Bank of Japan is about to raise interest rates, and the market is paying attention to the guidance Japan provides for the next rate hike, which will directly affect the trend of Japanese bonds.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/23bcfcf9-0fd9-4c6f-86a1-6901b0050d5b.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/23bcfcf9-0fd9-4c6f-86a1-6901b0050d5b.png"/>

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In recent years, the price of gold has closely followed the trend of Japan's 10-year government bond yield. Today, the Bank of Japan is about to raise interest rates, and the market is paying attention to the guidance Japan provides for the next rate hike, which will directly affect the movement of Japanese bonds

Gold vs 10-Year Treasury Yield