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 off 22% from its January high and selling into a dollar rally that appears to be losing steam — this isn't a breakout, it's a relief bounce. Treasury futures found buyers because yields at 5.27% finally priced enough risk to matter. The real tell: silver down 49% from its peak while oil holds triple digits with the Strait still closed. That's not a haven trade, that's liquidation ending.