Analysis of key markets.
The U.S. dollar held gains Thursday after rebounding overnight from three-year lows following a spike in U.S. bond yields.
Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to come back to the market.
Gold struggled to stay above mid-$1,700 territory Thursday, joining the plunge in most commodities and stocks on Wall Street after U.S. bond yields ran riot to the upside, triggering a so-called value-assets rally on bets the Covid-struck economy may do better than the Fed says.
➕ Resources ➖ Financials ➖ Industrials (in ranking order)