Gold rallies as buyers test $4,160, oil lifts yields - Kitco PM Report - KITCO
Source: KITCO
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DW NOTE
Gold is 22.5% below its January high while oil has climbed 10.89% in a week on a supply disruption the market has known about for seven months. The allocation tells you which crisis investors think is ending and which one they think isn't.
Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon. As of early morning trade in Europe on Wednesday, the international benchmark, Brent Crude, jumped by 2.2
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
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