Jump In Bond Yields: $1000 Gold Now A Possibility - iitrader

Kitco News speaks with iiTrader’s Bill Baruch about gold prices in relation to rising government bond yields as “Septaper” talks still loom. With nonfarm payrolls expected Friday, traders await the latest economic indicator to decipher whether the Fed will begin to taper in September. According to Baruch, the yield on the U.S. 10-year Treasury note rose to the highest level since July 2012. If rising yields and positive economic data continue to come out, gold at $1,000 is possible, he added. Watch now to hear what Baruch expects for gold and silver in the coming months. Kitco News, September 5, 2013. (show less)

Kitco News speaks with iiTrader’s Bill Baruch about gold prices in relation to rising government bond yields as “Septaper” talks still loom. With nonfarm payrolls expected Friday, traders await the latest economic indicator to decipher whether the Fed will begin to taper in September. According to Baruch, the yield on the U.S. 10-year Treasury note rose to the highest level since July 2012. If rising yields and positive economic data continue to come out, gold at ... (read more)

On The Spot

On The Spot
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