But gold’s recent high consolidation is actually a remarkable show of strength, defying a massive US-dollar rally. Such big-and-fast gains on a higher Fed rate trajectory have mostly exhausted ...
February gold (GCG25) today is up +19.10 (+0.71%), and March silver (SIH25) is up +0.664 (+2.19%). Precious metals today are rallying due to a weaker dollar and lower global bond yields.
The dollar index (DXY00) today is up by +0.29% and posted a new 2-year high. The dollar has carryover support from last Friday’s stronger-than-expected US Dec payroll report that reduced the ...