December Comex gold futures futures were last trading at $1,682.60, down 2.7% on the week. Gold saw an $80 move this week, tumbling to the lowest level since April 2020. Fed rate hike expectations are driving up the real rate interest, which is not favorable to gold. TD Securities extended its tactical short position in gold on Friday, citing rising risks of a capitulation event. The market often considers the inversion of the 2-year and 10-year yields as a reliable sign of a recession down the line.Read Long Article
