![[DEMO] Gold Hits Fresh Record High as Real Yields Collapse](/storage/8/conversions/metals-web.jpg)
Key Takeaways
- XAU/USD tags $2,790 on falling US 10Y TIPS yields.
- ETF inflows accelerate.
Spot gold printed a new record at $2,790 overnight, extending its year-to-date gain to 28%. The move tracks a 20bp slide in US 10Y real yields over the past week.
Gold ETF holdings have added 14 tonnes in the past five sessions — the strongest five-day inflow since March 2025. Central-bank purchases continue at the structural ~80 tonnes/month pace.
**Trade idea (educational only):** Pullbacks toward $2,720 remain buyable while real yields stay capped. Stop conviction below $2,680.
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