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 bought its way out of a three-month range while the dollar gave up June's gains — not because inflation expectations collapsed, but because Treasury futures drew real demand at 5.10% ten-year yields. When the Fed holds reserve rates at 3.90% while headline CPI prints 3.4% and PPI runs 5.44%, someone still has to finance a $1.992 trillion deficit, and this week they showed up.