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.

Daily Summary: The week ends on a positive note. SK Hynix up 14% on Nasdaq. Energy down (10.07.2026)
Three markets to watch next week (10.07.2026)
BREAKING: Iran and US are back at the negotiation table?! Oil takes a step back, stocks tick up!
Daily Wrap: Technology Leads Wall Street Higher. Markets Shrug Off USβIran Tensions