Back to the journal
Macro Research
Gold, Real Rates & the Global Liquidity Cycle: A Quantitative Study
How real rate expectations and the global liquidity cycle show up in precious metals and currency markets — and which criteria our rule set derives from them.
- Date
- 14 March 2026
- Read time
- 6 min
Starting point
Gold and silver respond sensitively to real rate expectations. This analysis places the precious metals sector inside the broader liquidity cycle.
Approach
We look at yield curves, real yields and liquidity measures across several asset classes and derive rule-based criteria from them.
Where it lands
These observations feed directly into the signal generation of our models.