Gold gains as US dollar declines, hopes of Mideast deal hit oil - kitco.com
Gold gains as US dollar declines, hopes of Mideast deal hit oil - kitco.com
Source: kitco.com
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DW NOTE
The headline calls it dollar weakness. Look at yields: the 10-year is up 5.41% in a month to 4.68%, the 30-year up 6.11% to 5.21%, with Fed funds still at 3.63%. That's not dollar weakness — that's the bond market pricing fiscal risk faster than central bankers can acknowledge it.