Rate Bounce After Fed Meeting Pushes Dollar Higher and Gold Price Lower

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Although today’s Fed announcement didn’t really change anything, the financial markets continued to anticipate higher U. S. rates. The first chart shows the 5-Year Treasury Note Yield climbing close to its yearly high. The 10-Year T-Note yield also bounced. The widening spread between U. S. and foreign yields continues to support the dollar. The second chart shows the Dollar Index hitting a new recovery high. That pushed most commodity prices lower. The orange bars in the second chart shows the Gold Trust (GLD) falling to a new low.

This post was published at GoldSilverWorlds By September 17, 2014.