Gold Slumps To 5-Month Lows As Dollar Index Tops 100, Yuan Crashes To New Record Low

15 Nov 2016

by Tyler Durden, ZeroHedge:

Gold prices are down almost 10% from Trump victory highs, testing down towards $1200 once again and pressing 5-month (pre-Brexit fear) lows. At the same time the USD Index has spiked back above 100 – the highest in over a year – as Offshore Yuan crashes to over 6.85/$, the weakest since inception… Simply put turmoil continues…

USD Index tops 100…

 

As offshore Yuan crashes to record lows…

And precious metals are being battered…

The performance from pre-election is fascinating – the risk-off moves as Trump looked like he was winning… until he won Florida and then the panic-buying stocks, dumping bonds…

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