Why Gold's Breakout Hinges on the Dollar and Treasuries

Gold's breakout from its downtrend hinges on the U.S. dollar and Treasury note futures, the two markets behind its selloff that may now be turning. David Scutt, StoneX Media Senior Market Analyst, walks through the correlations, overbought and oversold signals, and momentum readings framing the move. Gold holds a strong inverse correlation with the U.S. dollar over longer timeframes, and its link to Treasury note futures has tightened sharply over the past month. The U.S. dollar has rolled over from historically overbought RSI levels, while Treasury note futures have drawn buyers on surging volume after rare oversold extremes. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_david_scutt&utm_content=share 00:00 - Gold Breakout Meets the Dollar 00:39 - Gold Tracks Treasuries Closely 00:52 - Dollar Rally Stretches Too Far 01:25 - Treasury Futures Find Buyers 01:57 - Gold Snaps Its Selloff Trend 02:30 - Momentum Builds, Test Ahead Like and subscribe for more financial market insights. #Gold #StoneX #DavidScutt #Treasuries --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@StoneX_Official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social