Gold & Silver Slammed As USD Surges Above Key Technical Level

Gold & Silver Slammed As USD Surges Above Key Technical Level Tyler Durden Wed, 09/23/2020 - 08:20 The dollar continues to extend its recent gains, reaching near 2-month highs... Source: Bloomberg ...and breaking above the key 50-day moving-average. Source: Bloomberg This has weighed on precious metals with gold futures battered back below $1900... Gold has broken below its 50DMA... Source: Bloomberg And Silver Futs back below... What is perhaps most notable amid all this volatility is that bond yields have barely budged... Source: Bloomberg Which is interesting as real yields surge (dragging down gold) post-Fed... Source: Bloomberg It seems all the worries are over?
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