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Bloomberg: Gold Slips from BoE Intervention Spike

LONDON, 29 September 2022 – Comment from BullionVault features today in the latest gold-market report from Bloomberg, the global financial data and news service.

Looking at this morning's retreat in gold prices after the precious metal jumped yesterday following the Bank of England's sudden intervention in the UK government debt market, "The rise in real yields [after you account for inflation] is a real headwind for gold," Bloomberg quotes Adrian Ash, director of research at BullionVault.

"It's its kryptonite."

Read the full story at Bloomberg here:

Gold Wavers as Dollar Rally Resumes in Wake of BOE