Gold News: June Gold Futures Price Weakens as Crude Oil Kills the Rate Cut Trade

Treasury yields climbed as inflation expectations reset. The U.S. Dollar Index strengthened. Those two things working together are about as bad a combination as gold can face. Non-yielding asset, rising opportunity cost, stronger dollar making it more expensive overseas. The selling pressure was steady all week and there was nothing in the price action to suggest funds were buying the dip. They were reducing exposure.

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