The Relationship Between Real Rates and Gold Prices

The speakers discuss the inverse relationship between real rates and gold prices, explaining that when the opportunity cost of earning money in the market rises, the price of gold tends to go down. However, recent times have seen a deviation from this relationship, causing confusion. They also mention the factors that have contributed to the recent rise in the price of gold, including anticipation of further declines in interest rates, the slowing economy, weakening dollar, geopolitical risk, and increasing gold reserves by central banks.