What's more to say about gold that hasn't already been said? The surge higher continues and has been unrelenting this week with price moving up by over $300. Absolutely wild stuff. And with the gains so far today, gold is hoping to secure five straight days of gains all throughout this week.
There was another volatility spike earlier in Asia, which saw price fall back to $4,280. However, that is quickly bought up now as we see gold move back up to $4,370 levels.
US-China trade tensions remain the sticky issue this week but the bond market is also starting to see some fresh developments. I warned earlier this week that we are at a key juncture and things are finally unraveling now as we get into the final trading day of the week.
10-year yields are now looking to firmly break below the 4% mark and that could indicate a major shift in sentiment, as outlined here. So, just be wary of that in having to look at other things that are happening in broader markets as we move into the second half of October trading.
