WS #14985
Despite geopolitical risks, gold has plunged over 3% below $4,200 and Bitcoin has dipped to $83,000, pressured by a surging US dollar and rising Treasury yields. The oil-driven inflation fears are keeping rate-cut expectations at bay, which typically hurts non-yielding assets. This divergence highlights that the current market move is driven by liquidity and yield concerns rather than pure safe-haven flows.
Commodity and Currency Volatility
Despite geopolitical risks, gold has plunged over 3% below $4,200 and Bitcoin has dipped to $83,000, pressured by a surging US dollar and rising Treasury yields. The oil-driven inflation fears are keeping rate-cut expectations at bay, which typically hurts non-yielding assets. This divergence highlights that the current market move is driven by liquidity and yield concerns rather than pure safe-haven flows.