(Premium) FICC in Focus: Gold Breakout on Hold, Dollar Bounces Back, Rates on the Rise
Once again, gold finds itself stuck below its former highs. Will the long-awaited breakout ever materialize?
Just a few weeks ago, it looked as though gold would finally reach new highs. Alas, the breakout was not meant to be – at least not yet. May saw gold fail once again at 2100.
In the near-term, 1950 is the most important level. That price marked rev…