Gold prices are trying to find support as global bond yields surge. Gold isn’t acting life a safe-haven right now as the bond market selloff might be here a little while longer. Gold is still licking its wounds from that gamechanger of a NFP report. The geopolitical risk also seems to be potentially inflationary and that is taking away some of gold’s luster.
Gold should have found key support at the $1865 region, but that might not last if the bond market selloff intensifies.