Short term everything goes up and down. EUR is close to highs...

Short term everything goes up and down. EUR is close to highs and may get sucked up, which would pull Gold up with it. Last night we had strong CPI in the US which is stoking Stagflation fears. My take is that people were selling stocks and bringing money back to the US, which caused the rise in the USD. Stagflation is low growth, high commodity price appreciation, which is certainly good for Gold, so nothing to fear there. Gold has had a correction due to money market rate increases (i.e. 10Y Bond rate), which is predicated on the FED raising rates. Once the market confirms the FED isn't going to raise rates in the next few years the money market will reverse. Not going to happen overnight though.