Precious Metals Pummeled As Trump Celebrates "A New Record" For Stocks

Another day, another trade-deal headline saying nothing new but good enough for the algos...

US equity markets love it...

Surging to new record highs, a fact not missed by the president...

But he probably will not be happy that the dollar is also soaring...

Source: Bloomberg

Gold is, of course, getting monkeyhammered...

Along with silver...

And interest rates are also spiking...

Source: Bloomberg

Housing markets won't like that much.

And as rates rise, will gold catch down to global volumes of negative-yielding debt?

Source: Bloomberg