(CercleFinance.com) – No ‘peak inflation’, no geopolitical turbulence this time… but the best closing mark of 2,385/2,388 from April 16 and 19 will be crossed this Friday the 17th, so as the $ strengthens, and as bond yields rise sharply (+6 basis points in Europe, +2.5 points on US T-Bonds).
Gold is resisting all these headwinds and seems to be heading towards $2,500/Oz, a target located at only 4% and which constitutes just the symmetry of the recent consolidation 2,390/2,285 from April 20 to 30.
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