Stronger Dollar Putting Pressure On Precious Metals

Precious metals and bonds have seen some selling pressure with the breakout in the $USD. It is too early to say but this could turn into quite a deep rout if the dollar strength continues. The GBP, JPY and EUR are well down this week against the $USD as we await the Non-Farm payroll.

gold

USD index daily

usd

Silver daily

silver

Gold daily

gold

GLD 4hr

gld

SIL 4hr

sil

GDX 4hr

gdx

NUGT 4hr

nugt

DUST 2hr

dust

This entry was posted in Commodities and tagged . Bookmark the permalink.