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Gold Is Getting Monkeyhammered As Dollar & Bond Yields Spike

Tyler Durden's Photo
by Tyler Durden
Thursday, Sep 16, 2021 - 09:58 AM

This morning's better-than-expected retail sales data and worse-than-expected labor market data has sparked some significant moves away from stocks.

The dollar is roaring higher - tagging high stops from last week (is good retail sales news hawkish for Fed taper?)...

Bond yields are spiking along with it - similar theme as they run stops on hawkish taper context...

And as the dollar spikes, gold is getting clubbed like a baby seal...

And finally, stocks initial surge on the 'good news' has faded into the red...

...taper tantrum-ette?

 

 

 

 

 

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