13 December, 2016

 Gold sank to a fresh ten-year low early on in the US session on Monday, getting to $1157.60 at one point, but staged a modest about-face to finish slightly higher. Helping the reversal somewhat, was the fact that the US dollar came off its highs, as did US treasury yields. At one point, rates were above 2.5%, their highest since October 2014. Across the Atlantic, thirty-year German bonds rose to their highest level since January (to 1.25%), but both receded by day’s end.