When this indicator moves, the gold price tends to follow

REUTERS/Leonhard Foeger If you think you know where real US interest rates are heading, perhaps you should consider becoming a gold trader. As this chart from Vivek Dhar, a mining and energy commodities analyst at the Commonwealth Bank shows, where one goes, the other tends to follow. For clarity, real 10-year US note yields are the nominal rate less inflation, with the line inverted by Dhar. REUTERS/Leonhard Foeger “Gold prices and US 10-year real yields have historically had a tight inverse ...