Gold and Interest Rates - Joined at the hip! Dollar implications?

US interest rates edging higher yesterday and this morning so far.  Still seems the intermediate-term key for the US dollar

..and we continue to see that correlation between rates and gold…the chart below compares gold futures and 10-year yields (inverted to see the correlation)…higher yields equates to lower gold prices; and higher yields likely equates to higher US dollar prices…at least according to the ongoing correlations

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