Gold jumped to a 13-month high overnight after the US Dollar sunk along with Treasury yields. The benchmark 2-year note touched 3.82%.
The yellow metal peaked above USD 2,025 today while industrial metals such as copper and iron ore continued to tumble.
Gold may have been boosted by US real yields sliding lower with the 10-year gauge dipping under 1.10%, a long way from the 1.72% seen just last month. The US Dollar appeared to be undermined by weak factory orders and jobs data. The details can be read here.
