Oil Crashed 11%. Gold Went Up. That Tells You Everything.

Oil crashed 11% on Friday when Iran reopened the Strait of Hormuz. Gold went up. That rare divergence — oil down, gold up, same catalyst — signals that gold’s rally is driven by monetary forces, not geopolitical ones. The war premium left oil. The monetary premium stayed in gold. Here is what that means for precious metals investors watching the Fed’s next move.
US Treasury Yields Jump as Hot Jobs Data Fuels Rate Expectations

US Treasury yields climbed on Friday after new jobs data showed stronger hiring than expected. The 10-year yield rose over 9 basis points to 4.486%, while the 2-year increased 11 basis points to 4.034%. The 30-year yield moved up more than 5 basis points to 4.941%. Higher yields typically suggest investors anticipate tighter monetary policy, potentially due to inflation risks or stronger economic activity. Nonfarm payrolls rose by 139,000 jobs in May, surpassing the consensus forecast of 125,000 from economists polled by Dow Jones, according to data released Friday morning. The unemployment rate remained steady at 4.2%. This stronger-than-expected jobs […]
