safe haven

Gold Rally Defies Risk-On Equity Surge as Ebola Fear Builds

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Gold Rally Defies Risk-On Equity Surge as Ebola Fear Builds

Gold just posted a 2.08% single-day gain while the S&P 500 climbed 0.79% and the VIX fell 2.67%. That divergence should not exist in a coherent risk-on environment—yet here we are, with bullion hitting $4,593 per ounce as global equity indices march higher. The gold rally is not a hedge against falling equities; it is … Read more

Gold Surge Signals Bond Market Stress Amid Yield Compression

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Gold Surge Signals Bond Market Stress Amid Yield Compression

Gold’s 2.25% single-day leap to $4,547.50 tells a story that equity investors are ignoring at their peril. While the S&P 500 drifted 0.59% higher and the VIX fell 3.38% to 15.74—suggesting complacency—precious metals and Treasuries are screaming a different message. The 10-year yield collapsed 58 basis points in price terms (falling to 4.46%) even as … Read more