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Precious metals continue to recover as the USD unwinds
Precious metals continue to recover as the USD unwinds

With US bond yields in decline and the USD turning corrective, the foundations for recovery in precious metals have been laid. The longer these moves continue, the more support precious metals will develop.

Espresso Morning Call: Major forex unwinds as recovery slips
Espresso Morning Call: Major forex unwinds as recovery slips

The positive momentum of the risk recovery has eased overnight in the wake of a hawkish lean from Fed Chair Powell. This has reinvigorated the USD and is weighing on US equity futures.

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