The USD rebounded against on Tuesday with North American markets coming out of a long weekend. The correlation between rising US bond yields and currency strength had broken down this year, but it now back on track with the 10 year Treasury note hitting a 10 year high driven by higher inflation expectations. The Fed has been divided internally on how to proceed in a slow inflation environment, but if prices suddenly accelerate there will not be need for debate with a higher pace of interest rate moves expected from the central bank.
London Metal Exchange Copper Eased
Gold Silver Reports – London Metal Exchange Copper Eased — London copper drifted lower on Tuesday as a firm dollar dictated direction in a thinly traded market, with holidays in top metals user China.
AngloGold to Revive Ghana Mine That Battled Illegal Miners
Gold Silver Reports – AngloGold to Revive Ghana Mine That Battled Illegal Miners — AngloGold Ashanti Ltd. will reopen its idled Obuasi mine after Ghana approved a plan to redevelop the asset as a more profitable, mechanized operation.
Gold Miners ETF Lures $529 Million Inflow After Market Turmoil
Gold Silver Reports – Gold Miners ETF Lures $529 Million Inflow After Market Turmoil — Gold is burnishing its allure to investors in the wake of the recent market turmoil.
Bank Fraud Prompts India to Set Up Panel to Prevent Scams
Gold Silver Reports – Bank Fraud Prompts India to Set Up Panel to Prevent Scams — India’s central bank set up a panel to study and recommend ways to prevent the increasing incidents of frauds in the banking system after the nation’s second-largest state lender alleged that a diamond merchant had fraudulently obtained $2 billion in loans.
Natural Gas Fire Fire Fire, I told you Buy Truck Load Natural Gas and Relaxxxxx Watch Blast or Not – Goldman Neal Bhai Reports
Natural Gas Fire Fire Fire 🔥🔥🔥🔥🔥🔥, I told you Buy Truck Load Natural Gas and Relaxxxxx Watch Blast or Not – Goldman Neal Bhai Reports
Indian State Banks Continue Dropping as Fraud Impact Widens
Gold Silver Reports – 🇮🇳 🇮🇳 🇮🇳 🇮🇳 🇮🇳 Indian State Banks Continue Dropping as Fraud Impact Widens — Shares of India’s government-controlled banks fell on Monday as more lenders disclosed exposure to one of the nation’s biggest frauds.