From TradingView · · 40s
Gold Broke Its Own Rule
Real yields climb to 2.9% as gold drops 26% since 2022 peak.
In brief
Real yields climb to 2.9% as gold drops 26% since 2022 peak. Gold fell 26% from its 2022 peak as real yields rose to 2.9% after breaking its own inverse relationship with gold. Originally reported by TradingView.
Gold and real yields
For most of the last two decades, gold and real yields moved in opposite directions with a weekly correlation of −0.92.
2022 break
Gold nearly tripled from 1,800 to 5,279 in February 2026 as real yields rose from −0.7% to +1.7%.
Current trend
Real yields climbed to 2.9% since January 2026, and gold dropped 26% since its peak.
The essence
Gold fell 26% from its 2022 peak as real yields rose to 2.9% after breaking its own inverse relationship with gold.
