#Gold up 1% despite 10Y real rates rising 5 bps today.

This hasn't happened in at least the last year, as gold has traded almost in lockstep (inversely) with real rates. 

Just one day, but a breakdown in correlation would be a hint.

$SPX $NDX $GLD $GDX
https://t.co/YpMoL9rAI1 https://t.co/RljsSxNiKQ