Gold Drops to Support on Rising Rates

From dailyforex.com

Gold is sitting just below the crucial $4,600 level on Tuesday, an area that we must pay close attention to. Gold markets got hammered on Tuesday as traders continue to react to the bond market. Yields in the 10-year yield in America have jumped again. And with that, it shows that there is a lot of concern and it basically just brings in US dollar strength. This of course is toxic for gold. However, and this is something worth paying attention to, gold is sitting just below the crucial $4,600 level, so we should see a little bit of interest in this market somewhere in this area. With that being said, I think bouncing ... (full story)