Daily Morning Call
From the Floor: 'Gold is in for a battle' — #SaxoStrats
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Precious metals prices are headed sharply lower as bond yields continue to rise with Saxo commodities head Ole Hansen pointing to the March low of $1,195/oz as the key level to watch in gold. Meanwhile, Fed chair Janet Yellen prepares to testify before Congress midweek.
• 'We saw some profit-taking in the USD overnight': Horchani
• Hedge funds slashing long positions in gold, silver
• Rise in bond yields the key market driver: Hardy
• Financials, life insurers to outperform as central banks normalise policy
• Bund yields consolidating after dramatic break of 50 bps level
• 'We saw some profit-taking in the USD overnight': Horchani
• Hedge funds slashing long positions in gold, silver
• Rise in bond yields the key market driver: Hardy
• Financials, life insurers to outperform as central banks normalise policy
• Bund yields consolidating after dramatic break of 50 bps level