I could see the 10 yr. back to the 1.16% number, only because the Gov’t has trillions to finance and the Fed needs rates to be low – so does Biden and the Demonrats.
Unfortunately, now that the 10 yr. has reversed course, we’re not seeing gold react the way it did when rates went up. Gold should be moving higher – a lot higher – and the USD lower.
We’ll see.