Gold Education

Guides

Plain explanations of the mechanisms that connect interest rates, the dollar, inflation, and central bank policy to the price of gold — written to stay useful well beyond today’s headlines.

A notebook page titled The Gold Paradox next to gold bars, a magnifying glass, and a newspaper headline about central bank buying
11 min read

The Gold Paradox: Why Interest Rates Move Gold — Except When They Don't

In 2022 the Fed raised interest rates at the fastest pace in four decades. By every textbook rule, gold should have collapsed. It didn't. Here is the real mechanism connecting rates to gold — and the specific reason it broke.

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