Gold Up, Dollar Down, Yields Rising: What Kevin Warsh's Fed Is Doing to the Reserve Currency

Gold Up, Dollar Down, Yields Rising: What Kevin Warsh's Fed Is Doing to the Reserve Currency

TODAY’S NUMBERS: $4,388 (gold, per ounce)  ·  98.6 (dollar index, four-month low)  ·  4.8% (10-year Treasury yield, highest since 2023). Gold and yields normally move apart. When both rise together with a falling dollar, markets are pricing something bigger than the next rate decision. Gold pushed back above $4,390 an ounce on Wednesday and the […] The post Gold Up, Dollar Down, Yields Rising: What Kevin Warsh’s Fed Is Doing to the Reserve Curre…