The 10-year Treasury yield has touched 4.85%, its highest since late 2023, and the 30-year has pushed past 5.3%. Brent crude settled above $101. Gold is trading near $4,400 an ounce, roughly 20%.....

Ask most advisors what gold is for, and you'll get one answer: inflation. The current move in gold isn't only about inflation.

As investors focus on AI and interest rates, global demand for physical gold continues to grow.