Gold tests new lows despite falling Treasury yields and weaker dollar as traders remain bearish. The yield of 2-year Treasuries pulled back below the 4.13% level as traders reacted to the strong pullback in the oil markets. Oil prices are down by 3% despite Trump’s recent comment on Iran. Trump said that Iranians shot down an Apache helicopter, which was patrolling over the Strait of Hormuz. He noted that two pilots were safe and uninjured and added that the U.S. “must, of necessity, respond to this attack”. Interestingly, traders do not believe that Iran’s actions will destroy the potential deal between the U.S. and ... (full story)