Bond yields continue their sharp rise as traders bet on a quick reflation scenario. One of the major victims is Gold – there is a strong negative correlation between yields and Gold prices as we were showing at the last weekly webinar. Gold prices were underpinned by $1765 level for a while but a surge in yields eventually was too much and now we can see prices moving towards the lower limit of a channel with still plenty of room and horizontal $1680 level along the way. Do notice how 50 and 75 LWMAs now work as a resistances – another sign of a possible trend reversal.

Cocoa falls as African harvests rise and ICE inventories approach a two-year high
Market warp: Rate Forecasts and Semiconductors in the Spotlight
π Gold gains 1% and erases post-Fed losses. Are metals returning to growth
π―Chart of the Day: Yen in a Trap. BoJ Hike That Weakened the Currency (18.09.2026)