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🔺🔻 Gold Continues to Outperform Since Banking Crisis: Cable FX Macro

  • 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%



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