As Chinese Yuan collapses to fresh lows (USD Index spikes), and bond yields surge, this morning's durable goods data sparked an extended collapse in gold, crashing them below $1200 as over $6 billion of pressure flowed through futures.
EUR down, Stocks down, Bonds down, Gold down…
Yuan just keeps crashing…
Bonds are dumped as USD soars…
Some context for this USD move…
Sending gold reeling… as 50,000 contracts are dumped
The gold liquidity moment started it (around 0825ET) but the US macro data sparked the break below $1200…
Pushing Gold to its lowest since Feb…
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