Gold slips as firm dollar weighs; focus turns to Fed meeting - CNBC
Gold slips as firm dollar weighs; focus turns to Fed meeting - CNBC
Source: CNBC
―
DW NOTE
Gold is down 23.3% from its January peak of $5,318, not slipping — collapsing. The "firm dollar" is doing what higher real rates always do: reminding people that metal pays no coupon. The Fed meeting this week will clarify whether the 4.71% 10-year is the new floor or just a rest stop.