Dan Deming analyzes the latest price action in Gold futures as prices find stability following a two-month closing low. Gold futures bounce roughly $10 to trade near $4,170, supported by a flattening in short-end Treasury yields and moderation in the U.S. Dollar Index around 102. Deming notes that while long-term yields continue to move higher, short-term rate stabilization is providing support for interest-rate sensitive metals like Gold and Silver futures across the board.
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#Metals #Gold #USDollar
Learn more about trading futures and options at CME Group:
https://www.cmegroup.com/markets/metals.html
#Metals #Gold #USDollar