162 days ago • Posted by Charles-Henry Monchau

According to JP Morgan, Gold is still overvalued

JP Morgan cross-assets team: "Gold’s overvaluation relative to real interest rates has fallen from $200/oz in October to $80/oz currently, which is suggestive of position liquidation". The chart shoes gold price versus mispricing in $/oz (actual minus predicted) from fair value model regressing price on real US 10Y rates.

Gold price and deviation from fair value