gold, US bonds, the $A - are currently at $US 1307 & 2.43% &...

  1. 2,076 Posts.
    lightbulb Created with Sketch. 1
    gold, US bonds, the $A - are currently at $US 1307 & 2.43% & 92.7c... ie

    1. gold has steadied or dropped a little @ 1307/ oz.
    2. there seems to be a demand for US 10 yr. bonds (the price is going up and the yield is coming down) - 2.43%
    3. the US$ is going up so that our currency is lower in comparison - @ 92.7

    all because of the wars going on - mainly the Ukraine and related trade sanctions, I think....

    the relative prices of each suggests to me that world money is going into US bonds rather than gold as a safe haven.......

    have I got the reasoning right right ??????

    GK.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.