The Hidden Reason Behind Gold Price Crash
Photo: CaptainAltcoin
Gold price has dipped over the past few weeks, but analyst Rob Mirlach argues that the move has less to do with the U.S. dollar than many traders assume. His focus is the bond market. The dollar index has stayed relatively stable near 102, yet gold has still moved lower. Mirlach argues that this divergence points toward Treasury yields as the more important force behind the latest decline. Oil and Inflation Are Pushing Yields Higher Mirlach starts with oil. WTI is trading near $95 and Brent above $105, adding pressure to headline inflation. The latest U.S.
Source: CaptainAltcoin
