Gold breaks out as dollar rally cracks and Treasury futures find buyers - StoneX
Gold breaks out as dollar rally cracks and Treasury futures find buyers - StoneX
Source: StoneX
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DW NOTE
Gold is rallying while the dollar weakens and Treasury futures draw bids — the flight-to-safety playbook running in reverse. That only makes sense if traders think the Fed is about to capitulate on rates despite oil at $105 and a Strait of Hormuz that's been functionally closed for a week. Or they've stopped believing Treasury supply at $2 trillion deficits is actually safe.