HEre we are again, Oz gold investors are pretty accurate forecasting overnight gold price movement. Yesterday against such a big drop in GP, the sector held steady. Today we see the confirmation of that forecast. 10Y yield hit the top of the TL and rejected. DXY as expected should be continuing that bullish trend simply from the expectation of tapering/IR.
This is where the correlation stops because tantrums should have been forth coming but instead the market thinks the inflationary pressure is healthy. I still don't understand how these funnymentals actually works!
