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IAUF - A Force Impelling People To Buy - Precious Metals Supply And Demand
iShares Gold Strategy ETF
Intense Price Action
The price action was pretty intense last week, most of it on Friday. The statement by President Trump, not to mention Fed Chairman Powell's hint of further rate cuts, impelled people to buy gold and silver, whose prices went up $14 and $0.29.
10-year treasury note yield - plumbing new lows for the move… [PT]
Oh, and the interest rate on the 10-year Treasury lost over 5% of its juice on Friday. We said last week:
"…[there is] no magic interest rate, that drives up the gold price. What we need is