It's been a jittery start to the week, with the continued rise in US yields making investors very nervous about what challenges lie ahead for the econ
omy. We've heard a lot about the resilience of the US economy and the evidence has been there for all to see. But that resilience has for a long time been paired with a belief that rates won't stay at the peak for long, a view that has been gradually fading as rate cuts have been pushed back further and further into the future.
It's also been a day light on economic releases and the PMIs tomorrow could offer fresh insight into the state of play and whether firms are becoming more pessimistic about the situation. The survey's have been quite dire in Europe while those in the US have also been deteriorating. Gold pares recent gains at the start of the week Gold has eased off its recent highs after coming within a whisker of $2,000 at the end of last week.
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