Everett Millman, Metals Specialist at Gainesville Coins, says the prolonged correction in gold is all about the rise in treasury yields. He sees a short-term downward trend in the chart, but is looking for a 6-month upward trend. He says the sentiment is negative on the gold market right now, with outflows from the gold ETFs. He adds that gold remains in a correction as the dollar and Treasury yields keep rising. He also discusses platinum and the coin industry.
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