🔺🔻 Gold Continues to Outperform Since Banking Crisis: Cable FX Macro
- Rosbel Durán
- Mar 29, 2023
- 1 min read
Some notable movers since March 14th close. The dollar, measured as the Cable FX Macro Dollar Index, is down by a little over 1.0%, this goes to show its safe haven appeal during the crisis. Initial gains were reversed last week, losses accelerated on FOMC day
Gold is an outperformer here, it tracks a gain of 3.4%, off MTD highs of $2,009.0/oz. The yellow metal is followed by crude oil, which tracks a rise of 2.6%
Unsurprisingly, we have seen the European bank index underperform, however, the losses of 8.5% are hard to compare to U.S. financials -2.7%
Comments