Flight to Safety Accelerates as Oil Crash and Gold Surge Reveal Macro Fracture
The flight to safety that began quietly in April just kicked into a higher gear. Gold jumped 1.58% to $4,506.70 per ounce on June 4th while WTI crude collapsed 3.95% to $92.23—the sharpest one-day oil drop in three weeks—and the 10-year Treasury yield fell 49 basis points (a typo in the data, but likely means … Read more