August gold GCQ21, +0.13% GC00, +0.13% was trading $2.10, or 0.1%, higher at $1,896.30 an ounce, following a 0.2% decline on Tuesday, which marked bullion’s first decline in three sessions.
Wednesday’s trading comes as the 10-year Treasury yield TMUBMUSD10Y, 1.487% hit its lowest level since around March. Meanwhile, the U.S. dollar slipped below a key level at 90, down 0.1%, as gauged by the ICE U.S. Dollar Index DXY, -0.11%.
Dollar softens? Traders are sell I ng dollar and betting inflation is not too bad. I like to think the opposite just in case the number is much higher. There could be a massive reverse move tomorrow. Get ready.
Don’t wanna say I said it but I said it…
AYA fintech network platform provides proprietary alpha stock signals and social finance tools for U.S. stocks such as Facebook, Apple, Microsoft, Google, and Amazon (FAMGA).
good luck
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