Rising demand for safe-haven assets provided support to the American currency.
The precious metals sector was likely to decline, and that’s exactly what it did yesterday. The USD Index soared once again, also as we expected.
Precious metals are moving lower as U.S. dollar tests new highs.
Treasury yields are rising, which is bullish for the U.S. dollar.
Silver and platinum have found themselves under strong pressure amid a broad pullback in precious metals markets.
