{
  "id": 11210899,
  "title": "Analysis-Entrenched premium leaves gold primed to climb despite surge in US bond yields",
  "url": "https://urgent.news/2026/10/01/analysis-entrenched-premium-leaves-gold-primed-to-climb-despite-surge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T14:30:46.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/analysisentrenched-premium-leaves-gold-primed-to-climb-despite-surge-in-us-bond-yields-4927766"
  },
  "original_language": "en",
  "account": "Despite a significant surge in US bond yields, gold prices have remained resilient above $4,000 per ounce. This suggests that the post-2022 demand premium for gold is proving more durable than initially expected. Typically, gold moves inversely to real yields, but since 2022, a structurally higher premium driven by reserve diversification and geopolitical hedging has emerged. Nicky Shiels, a metals strategist at MKS PAMP, estimates this debasement and de-dollarisation premium has risen from around $120 an ounce before 2022 to an average of over $1,000 since then, currently standing at approximately $840 an ounce.\n\nWhile the 10-year US Treasury yield has reached its highest level since 2002, gold's price staying above $4,000 indicates there is still demand outside of yield levels. Amy Gower, a commodities strategist at Morgan Stanley, notes that gold being above $4,000 despite high yields signals ongoing demand factors. The safe-haven demand for gold is evident with its rise despite a stronger dollar and higher oil prices. Trade data shows China, a top gold consumer, has imported 1,077 metric tons of gold in the first eight months of 2026, with annualized imports on track for the highest in 11 years.\n\nBullion demand is also likely to increase once the rate-tightening cycle ends, with institutional demand for large bars and gold-backed ETF holdings nearing record highs. As these structural factors resume, gold's role as a safe haven and portfolio diversifier is expected to attract more buyers.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}