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Gold rises toward $4,420 as weaker dollar offsets Treasury yield pressure - Investing.com

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DW NOTE

Gold at $4,420 is still 17% below the January high of $5,318. The dollar is weakening not because the Fed is dovish — traders price a 58% chance of a September hike — but because oil at $96 and a closed Strait of Hormuz mean imported inflation whether the Fed likes it or not. Treasury yields rising alongside gold is the market saying: neither safety nor stability is on offer.

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Gold rises toward $4,420 as weaker dollar offsets Treasury yield pressure - Investing.com

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