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Gold Tumbles Below Key Technical Support As 5Y Yields Spike To Six-Year Highs

For the second day in a row, precious metals are being pounded as gold joins silver back below its 200-day moving-average…

 

Knocking gold back to 3-week lows…

 

All of which is odd given the chaos in the dollar… Two days of collapse in gold as the dollar goes nowhere…

 

And Treasury yields are surging – woith 5Y back at its highest since April 2011…

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