Summary

The yield on the 10-year US Treasury note reached its highest level in more than 4 years at 3%.

It appears that the US dollar index is counting on an increase in interest rates. But, as the old saying counsels, buy the rumor and sell the fact.

I think the profit potential offered right now in gold is huge, specially for silver.

10-Year Note Inches Higher

The yield on the 10-year US Treasury note reached its highest level in more than 4 years at 3% shortly after the US opened sales last Tuesday. The majority of the focus has been on the 10-year yield in the recent sessions and it has inched its way to the psychological level which generates concerns that such a level could trigger a reaction in the global financial markets. The yield has been driven higher as strengthening inflation prospects have driven expectations of higher interest rates

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