- Gold prices dropped sharply on Friday as the dollar surged higher. The move in the dollar came despite a further decline in U.S. yields. The 10-year Treasury yield closed at the lowest level in 4-months declining down to 1.45%, after hitting a high of 1.67% early in May. - Technical View: Short-term momentum continues to whipsaw after turning positive generated a crossover buy signal. To the upside, if we can clear the 1910 level, then it allows the market to go looking towards the 1950 level. After that, it opens up the gold markets for a move to the 2100 level.