Gold Tumbles Below Key Technical Support As 5Y Yields Spike To Six-Year Highs

For the second day in a row, precious metals are being pounded as gold joins silver back below its 200-day moving-average...

 

Knocking gold back to 3-week lows...

 

All of which is odd given the chaos in the dollar... Two days of collapse in gold as the dollar goes nowhere...

 

And Treasury yields are surging - woith 5Y back at its highest since April 2011...