GLD, GDX, USD & Yields
The sentiment across the forex community is that the weakening US dollar pushes the prices of precious and base metals higher.
From this chart, it can be seen that US 10 year yields are actually the inverse in price action to the Gold Metals ETF/Miners ETF or Gold CFD.
With the US dollar more of a proxy for volatility.
From this chart, it can be seen that US 10 year yields are actually the inverse in price action to the Gold Metals ETF/Miners ETF or Gold CFD.
With the US dollar more of a proxy for volatility.
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