Chart of the Day: Gold Lingers as Real Yields Remain Elevated
Despite all the misguided narratives surrounding the BRICS, gold is struggling under $2,000
Gold is down 1.8% since the near-term reversal trigger was hit as price action remains choppy, effectively going nowhere over the last two months.
There is still media covering over the BRICS joint announcement, as gold bugs assume a gold-backed currency is in the works despite South Africa, India and Russi…