US 30-year inflation-adjusted Treasury yield turns positive for first since June 2020

According to data provided by the Department of the Treasury, the US 30-year real or inflation-adjusted Treasury yield has risen above zero for the first time in eight months.

The 10-year real yield has also risen by 20 basis points to -0.80%

That weakens the case for investing in store of value assets such as gold. The yellow metal is currently trading near $1,806 per ounce, representing a 0.11% drop on the day. Prices rose more than 1.4% to levels above $1,800 on Monday.