Gold, Still Boring

[TraderTate + 186]

Gold has retreated further ... treasury yields above 3% and firming dollar. But even when this isn't happening, nothing seems to be able to budge gold much. 

[Rodent + 1,424]

1 hour ago, TraderTate said:

Gold has retreated further ... treasury yields above 3% and firming dollar. But even when this isn't happening, nothing seems to be able to budge gold much. 

[Red + 252]

In a different part of cyberspace to an oil website, I used to post a lot about gold. It definitely got boring after its price fell off a cliff, but I started posting again at the beginning of this year.  In AUD terms it today breached $2000 for the first time ever.

In US dollar terms it decisively broke through long term resistance of $1350.

Let's see where momentum takes it from here.