Gold rose 13.8% in a month as the U.S. dollar index fell 2.4%, a move Michael A. Gayed calls a structural repricing rather than a standard risk-on rally. He war

Gold rose 13.8% in a month as the U.S. dollar index fell 2.4%, a move Michael A. Gayed calls a structural repricing rather than a standard risk-on rally. He warns that if high-yield credit follows Treasuries lower, equities may come under pressure.