National currencies and major stock indexes were little changed, while commodities and digital tokens (cryptocurrencies) were mixed. The biggest gains and losses were both in digital tokens, as Bitcoin rose 8.3% to finish the week at 67.8 grams while Ethereum fell 7.2% to close at 8.5 grams. Most equities were unchanged, but the European STOXX dropped slightly, and gold stocks bounced higher, rising 4.4%, erasing the prior week's loss and showing the second largest gain after Bitcoin.
The Chinese Yuan was this week's weakest national currency, falling 0.4%, while most others were unchanged. Bonds again favored the longer maturities, with the 20+ year TLT gaining 1.1% while the 1-3 year SHY and USD cash were unchanged.
Bitcoin rose early in the week, hitting a high of 69.6 grams on Tuesday 20-June, but then pulled back, closing the week at 67.8 grams, up 8.3%. Ethereum, the token with the second largest market capitalization, dropped to 8.2 grams on Wednesday 21-June, but recovered to close the week at 8.5 grams, a loss of 7.2%.
Gold stocks bounced higher this week, recouping all of last week's loss, adding 4.4% to close at 4.8 grams. Among the major markets indexes, US stocks were little changed, while the Euro STOXX lost 0.3% and the Nikkei 225 gained 0.7%.
Commodities were mixed, with crude oil and coffee declining 3.9% and 2.9% respectively, while copper rose 2.4% and palladium gained 1.9%. Silver was off 0.3%, while platinum added 0.4% to close at 23.0 grams, just 1% above its all-time low.