5:32 PM · 10 June 2022

Gold gains despite strong dollar and higher yields

Gold jumped to weekly highs today and posted gains of more than 1.4%. Bullion prices first fell after U.S. inflation data, but bulls gained strength shortly thereafter, taking advantage of panicked indices and a record low University of Michigan sentiment reading.

DXY at highest levels since May 17. The 10-year is climbing above 3.17%. Gold is attacking the USD level. Source: xStation 5

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