July 05, 2019

Gold dropped 1.5% this morning as stronger than expected jobs data boosted treasury yields and the U.S. dollar.  The U.S. dollar index (DYX) is up 0.50% midday and the ten-year treasury yield broke 2% as 224,000 jobs were added in June, beating expectations by over 50,000 jobs.  Silver is down 2.2%, dipping below $15.00 for the first time in three weeks.