Gold hits one-week high, heads for weekly gain on bargain-hunting - Kitco
Gold hits one-week high, heads for weekly gain on bargain-hunting - Kitco
Source: Kitco
―
DW NOTE
Gold is trading at $4,219 — down 20.7% from its January peak of $5,318. A one-week high is still a four-month low. Bargain-hunting is just another word for catching a falling knife when the 10-year Treasury yield is up 27% year-over-year and real rates are crushing every excuse for holding metal that doesn't pay a coupon.