in 1970/1980 with paul volcker we had 16% FFR and still gold moved higher, I have seen a study looking at correlation between US twin deficits that is more important than moves in yields and algos will find out soon

additionally, i am more concerned on dirham and riyal pegs vs USD, if this SoH closes for indef time than these countries have to give up their peg and like 1998 Asian crisis we soon get an Arabian crisis with pegs getting lifted and countries selling mainly US assets or gold to cover their currencies, main reason why scott bessent guanranteed swap lines to these nations

more fun things to watch soon I guess...