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Strangely Gold lifts as US yields push higher
The scene across the US equity futures markets is now more benign than it was earlier. The S+P futures are off their lows and currently priced to reopen around 6k. The dollar is not materially stronger and both those come as US yields continue to press higher. The 10 year note yield is now approaching 4.60%. It was below 4.55% earlier this morning. However, Gold is not higher and the Yen is not really much lower. So, there is come head-scratching going on here, because Gold has actually just now lifted to a session high just above $2,824. So does that mean gold will ignore those US yields and look to reach another record? Well, it might but it all looks a little odd right now. Maybe gold is taking no chances with anothet Trump tariff announcement? Gold is currently trading around $2,823.20
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