Technical Outlook: Gold Cracks Under USD Rebound

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Our commodity spotlight shines on Gold which is struggling to shake off the nasty hangover from last Friday’s painful selloff.

The precious metal has been bruised by an appreciating Dollar while rising U.S. bond yields rubbed salt into the wound.

For those who are wondering why this matters, Treasury yields have an inverse correlation with Gold. Given its zero-yielding nature and relationship with the Dollar, the next few days could be rough and rocky for the precious metal.

Since the start of 2021, prices have dropped almost 3% despite the global ‘reflation trade’ receiving… Read More:

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