-
Gold Continues to Look for Floor via Rates
The 10-year yield continues to be a major driver of where the gold market is going. The gold market has of course been very noisy as of late and on Friday we basically were closed. There were some CFDs being traded in early futures trading as well, but really at this point in time it is worth noting that the volume was almost non-existent as it was Good Friday, so I am not even worried about the Friday session. What I am worried about is the 10-year yield. The 10-year yield has been dictating where this and other markets have been going for a while as higher rates above the 4.3% have really weighed upon precious ... (full story)