Gold surges 2.5% in euphoria, reaching its highest level since June 5 as treasuries yields fall - xtb.com
Gold surges 2.5% in euphoria, reaching its highest level since June 5 as treasuries yields fall - xtb.com
Source: xtb.com
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DW NOTE
Gold at $4,547 is 14.5% below its January peak, not surging toward it. A one-month bounce off panic lows is not a breakout — it's a dead-cat rally in an asset that lost $771 per ounce in seven months while the Strait of Hormuz stayed shut and the deficit ran to 6% of GDP. Treasury yields rose 3.74% over the same month. Euphoria is the wrong word for reversion to mean.