Loading ...Obviously, after rates already went up. Ten year rate peaked at 2.61% on 12/16/16. Rates today?? 2.32%, a total of 11% DROP in rates that were SUPPOSED to go up.
Maybe the Gold market is in a wrong short term knee jerk reaction afraid of deflation. Deflation is also good for gold eventually, because it shows or proves the incompetence of the financial authorities.
I heard steel stocks got hurt recently because Trump implied a delay in infrastructure spending. Since steel is a metal, and gold is a metal, maybe the AU AG miners are acting in sympathy with other miners on unimportant metals.