Gold Jumps To 3-Month Highs Amid China Tightening, Europe Turmoil, & Trump

OK – so, China tightens (worried about leverage), European sovereign risk spikes (Election uncertainty everywhere), Yen surges (BOJ tested again), gold spikes, Treasury yields tumble.. but US stocks are flat and VIX tumbles…
Off the post-Fed-rate-hike dip, Gold is up almost 10%, Dow’s flat, and bonds are up…
Chinese stocks sank overnight after re-opening following the Golden Week holiday (and after China quietly raised rates)…

This post was published at Zero Hedge on Feb 6, 2017.

 

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