Daily Market Comment – Dollar comeback falters as yields sink, gold sparkles
Posted on August 5, 2020 at 8:39 am GMTGreenback attempts comeback, but fails as bond yields plummet Gold salutes crumbling dollar and yields, hits new record above $2000 Stocks crawl higher as stimulus negotiations ‘move in the right direction’ Overall, bond market is saying something’s wrong, but stocks don’t mind Falling bond yields stop dollar rebound in its tracks Those hoping for a summer lull in financial markets come August have likely been left disappointed, as there has been absolutely no shortage of volatility so far this week. [..]