For nine business days in a row, gold has been experiencing a decline.
No other commodity in history has experienced nine consecutive business days of a decline, not even crude oil.
According to a Kitco article entitled "Gold prices drop below $1,700 as Jerome Powell dismisses rising inflation and bond yields", Powell denies rising inflation pressures and bond yields
Because Powell's comments seem negative towards an important commodity like Gold, I think that he is part of the problem as he has a considerable amount of power and influence, and he's using it to hurt this important strategic commodity.
Time for Jerome Powell to use his power for good purposes, including imposing controls on bond yields.
Besides, Bonds are not a good investment in the long run as Bond Yields, which are determined based on a Coupon Rate, are constant regardless of Market Rates.
That is why Gold is a better choice, and I hope the "Gold Drought" will end soon.
Source: Kitco "Gold prices drop below $1,700 as Jerome Powell dismisses rising inflation and bond yields" - https://www.kitco.com/news/2021-03-04/Gold-prices-testing-support-around-1-700-as-Jerome-Powell-dismisses-rising-inflation-and-bond-yields.html