July 07, 2021

Gold is trading above $1,800.00 again today after hitting a 3-week high yesterday,  amid falling treasury yields.  Yields continue their declines today, boosting metals even as inflation concerns seem to be diminishing. Stocks are mixed with the S&P and Dow up 0.21% and 0.08%, respectively, and the Nasdaq down 0.07%.  Today’s FOMC minutes will likely expand on the Fed’s plan and timeline to pull back Covid related economic support.