Gold Rises with Equities, Bonds Continue Swoon | | The Truth Behind the Headlines |

Why gold (AMEX:GLD) is trading as a risk asset with equities and not a risk-averse asset is odd to me, but that is the situation. Gold is rising with bond yields along with equities. Now the last time I checked the gold bears were still of the opinion that once bond yields started to rise gold would be pulled down to somewhere south of $1200 per ounce. Well, since the U.S. treasury market topped on July 23rd, yields on the 10 year U.S. Treasury note (AMEX:UST) has risen from 1.382% to 1.845%, a 33.5% rise in yield.