The Gold Standard Market Review

RBC's weekly market review highlights a significant correction in precious metals and mining equities amid rising US real yields and a surging WTI crude price.

Key Takeaways

• 1.Precious metals saw significant declines, with Gold falling 3.7% to $4,540/oz and Silver dropping 5.4% to $75.99/oz.
• 2.US 10-year Treasury yields increased significantly by 24bps to 4.59%, driven largely by an 18bps rise in real yields.
• 3.Energy was a standout performer with WTI increasing 10.5% to $105.42/bbl.

Table of Contents

• Index performance
• Commodity and currency performance
• Commodity and currency trends
• Gold - commodity ratios
• Gold macroeconomic charts
• Fixed income charts
• Gold equity ETF positions
• Global physical gold ETF positions
• Global physical silver ETF positions
• Gold and silver net speculative CFTC positioning
• Fixed income mining securities
• Gold equity short interest
• Gold equity performance

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