How Gold Got Its Groove Back

``Despite all the talk of rising interest rates in connection to gold, they're not a dominant driver of prices. Sure, rising nominal rates have tended to make the metal less attractive, since it doesn't pay an income, but the larger driver by far are real interest rates. When real rates drop into negative territory, gold has historically done well.... Real rates [today] are running at a positive 1.68 percent, which is a headwind for gold....''