Gold prices struggle to hold early gains as U.S. dollar nears 18-month high, bond yields remain elevated - Kitco AM Report - Kitco
Gold prices struggle to hold early gains as U.S. dollar nears 18-month high, bond yields remain elevated - Kitco AM Report - Kitco
Source: Kitco
―
DW NOTE
Gold fell early despite the dollar hitting an 18-month high and yields staying elevated — which means the flight-to-safety bid from Hormuz closing eight days ago has already been priced out. The metal is down 21% from January's peak while oil is only 10% off its high, even though both should benefit from the same supply shock. Either traders believe the strait reopens soon, or they've decided inflation without growth kills gold harder than geopolitical risk supports it.