Weekly Market Pulse: The Uncertainty of Uncertainty | Metals Mine

  • Weekly Market Pulse: The Uncertainty of Uncertainty

    From alhambrapartners.com

    Oil jumped 7.5% last Friday in the wake of the Israeli attack on Iran but the reaction in most other markets was surprisingly muted. The dollar, which normally catches a bid in these situations, was up just 0.27% and US Treasuries actually sold off on the news. Gold was the preferred safe haven this time, up 1.4% on the week. Year to date gold is up 30.8% and it isn’t even the best performing precious metal. That would be platinum, up 35.2% on the year although gold is up nearly 50% in the last year. Silver has also gotten into the act this year, up 25.7%. The dollar, on the other hand, is down 9.5% YTD and 6.7% ... (full story)

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