Gold Futures - Jun 22 (GCM2)

1,840.39
+24.49(+1.35%)
  • Prev. Close:
    1,815.9
  • Bid/Ask:
    1,840.25/1,840.54
  • Day's Range:
    1,808.85 - 1,844.75
  • Type:Commodity
  • Group:Metals
  • Unit:1 Troy Ounce

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  • Please help me to figure out what is going on. So, today yields suddenly went down despite all tapering. Could it be that this is just for today and tomorrow as new bonds are being auctioned? On such occasion it is surely in the FED´s best interest to bring down yields. That would mean Friday yields would rise again and gold will be free-falling, especially as it is option expiry day. Does that make sense?
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    • One Word...RUSSIA
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    • Everyone is now realizing that raising rates will fuel more inflation. Goldman sachs CEO said yesterday inflation is everywhere especially wage inflation. You can bring down wages now. ITS TO LATE!
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