Gold Slammed To 3-Mo Lows Despite Dollar Dump

The rout in precious metals continues this morning with gold back to 3-month lows, despite the dollar also being dumped…

 

Breaking below its 50- and 100-day moving-averages…

Source: Bloomberg

And with bonds away, the algos will play, decoupling gold and the dollar…

Source: Bloomberg

Will gold re-rally back to USD weakness when bond discipline returns?