Gold Dives Below $1900 As Dollar Surges, Stocks & Bond Yields Tumble
Tyler Durden
Mon, 09/21/2020 – 10:36
The brief – ubiquitous – opening dip-buying in stocks has been erased entirely and all major US equity indices are dep in the red with The Dow down over 800 points…
All the majors are also down below their 50DMAs…
Gold is also getting monkeyhammered, with futs back below $1900…
Is everything so much better now that we don’t need gold as a hedge?
Did Trevor Milton resign as chairman of gold too?
— zerohedge (@zerohedge) September 21, 2020
As the dollar surges higher (with offshore yuan spanked)…
And bonds are aggressively bid…
Somebody do something!!
via ZeroHedge News https://ift.tt/35Z1eVR Tyler Durden