Gold is getting slammed

Gold is getting slammed. Gold tumbled below $1200 an ounce on Friday. It's feeling the pain for two reasons: First, gold is often a haven asset, and one that pays investors zero interest. Rising rates (and the potential for them) make yield-bearing assets more attractive by comparison. Secondly, the dollar is surging; since gold is priced in dollars, the precious metal becomes more dearly priced for overseas buyers. Source: Barrons