Bond and Gold prices rallied impressively at the beginning of last week. Yields on 10-year Treasury notes fell as low as 4.50% from a recent high of 4.87%, while gold’s price rose $52 to $1886 in part due to a flight to safety by international investors seeking haven after Hamas’ attack on Israel and also by speculators rushing to cover their short positions, foreseeing lower inflation prints and declining consumer demand for anything that requires financing.
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By Hubert Marleau