The bond market is telling two stories, and gold is listening
(Kitco Commentary by
@PStreible) - #
Gold# has had a tough few weeks. After stalling in the $4,150 area, prices have slipped back toward $4,070 as the #
dollar# jumped on a strong jobs report and traders braced for one more Federal Reserve hike in December. On the surface, that looks like bad news for metals. Underneath, the bond market is telling a very different story, and I believe it may be setting up one of the better buying opportunities in gold this cycle.