Precious metals not all that precious as they were even two weeks ago. Inflation back on the front burner heading into the memorial holiday and precious metals certainly feeling the effects.
Still six more days of trade in the month of May after today, but so far for the month gold down over two percent to near 4500 dollars an ounce. That’s the lowest since the 5th of May. Silver futures down some six to seven percent so far for the month.
Now, conversely, 30 year Treasury bond yields are the highest since 2007. Great futures remain focused on weather, of course, now that the crop is planted and well ahead of schedule in most major states and also looking at details of the China trade agreement.
Audio Reporting by Mark Oppold for Southeast AgNet.