Brief archive

Gold, silver and miners fell 4-5.5% on the week as the dollar rose to 99.57 and the 10-year reached 4.75%, its highest since January 2025, with short-dated rate markets now…

The 10-year yield pushed back near 4.75%, its highest since January 2025, and a firmer dollar broke August's metals trade, gold fell 5.45% on the week, silver 4.49%, miners 6.50%.

Brent’s 6.16% weekly fall further reduced the immediate supply-shock threat, but firm core inflation and a stronger dollar kept borrowing pressure intact.

Hard assets rose this week without the usual help from a falling dollar, gold miners +7.31%, bitcoin +12%, while the 30-year yield slipped back to 5.17% and chip stocks led for…

Core PCE firmed to 3.34% in July even as Brent fell 5.19% on the week to $86.57, which pulls the fuel excuse out of the inflation story and leaves the argument on services prices.

Brent lost 3.92% on the week to $87.74 despite Washington detailing sanctions aimed at China's purchases of Iranian crude, the market read a money campaign as less disruptive…

A two-way US–Canada tariff war opened while money moved into inflation protection: gold miners gained 13.21% on the week and semiconductors lost 8.36%, with bitcoin up 23.7%.

Bitcoin jumped 7.97% in 24 hours to $77,337 and 22.8% on the week as the dollar index fell 1.14%, with the Fed's preferred inflation reading due August 26.

Bitcoin rose 10.3% in a day to $71,655 and gold miners 10.0% on the week, both riding a dollar down 1.14% to 98.82.

Semiconductors fell 5% in a session, but survey and futures data show the crowded long had already emptied out, the crowding score dropped to 53% from 82%.

The 30-year Treasury yield touched 5.29%, its highest since 2007, while refining margins hit records; July FOMC minutes land Wednesday and core PCE on August 26.

Oil ended the week 6.51% higher at $89 while the VIX fell to a year-low 15.02, crude is pricing a supply problem nothing else is charging for.

July retail sales fell 0.58% and producer prices dropped 0.78%, yet 30-year yields still rose on the week after the auction cleared at 5.216%, weak demand is not buying cheaper…

Brent is up 9.38% on the week to $86.88 while 10-year implied inflation stayed flat at 2.26%, so the pressure showed up in the 30-year yield at 5.24% instead.

Brent's 12% week now has official backing: Washington expects about 600,000 barrels a day to stay offline through 2027 and has lifted its fuel-price forecasts.

Trump's demand that Iran pay reparations lifted Brent 4% on the week and pushed odds of $90 WTI to 39%, with CPI due Wednesday.

Hard assets led the week, gold +7.2%, silver +12.5%, miners +18.3%, even with a firm dollar, while Brent added 3.2% to about $86 after Iran ruled out direct US talks.

July payrolls unexpectedly fell 23,000 against forecasts for a gain, with core inflation still at 3.3% and the August 12 CPI now the next real test.

Gold surged 4.3% to roughly $4,290 in its best session since February, a hedge on Fed credibility rather than on prices, since bond-implied inflation actually fell 5 basis points.

Oil fell 6.2% on the week to $79.68 as a Hormuz toll arrangement took shape, carrying the S&P 500 to its first record high in two months.

Oil round-tripped: Brent is up about 2.2% today after Trump set a same-day Hormuz deadline, two sessions after a 4.6% drop when he called strikes off.

Brent fell 5% to $83.54 and the dollar dropped 4.35% against the yen after Washington and Tokyo intervened together for the first time in 15 years, official buying, not a change…

June core PCE rose just 0.13%, the mildest since March 2025, yet the 30-year yield sits at 5.23%, the August 7 jobs report is the next real test.

The Fed’s three hike dissents hit long bonds while the yen gained 2.46%; Friday’s BOJ decision is the next test for wider market stress.

Iran’s intercepted missile attack ended the brief Gulf lull and pushed oil higher again.