Cryptocurrencies and bonds were higher while other asset categories were mixed. The largest gains were in gold stocks, which advanced 4.5%, and long term bonds, which rose 3.9%. Platinum fell 4.1%, the week's biggest loss.
The Japanese Yen was the best performing national currency, rising 1.9%. The Canadian Dollar and the Euro fell 0.3% and 0.2% respectively. The US Dollar rose 1.2%, while short term bonds gained 1.6% and long term bonds zoomed higher, adding 3.9%, the second best performance among all asset classes.
Bitcoin waffled about early in the week, but shot up on Tuesday and continued to rise, hitting a high of 94.7 grams on Thursday before settling back to close the week at 93.6 grams, up 2.3%. Ethereum lost ground early, gained it back on Tuesday, and finished the week up 0.2%.
All the major stock indexes were lower, led by the Dow Jones Industrials which closed down 1.1%. The only rising stocks were gold stocks, as the HUI gained 4.5%, the largest advance of any asset class.
In the commodities, the biggest moves were in crude oil, rising 2.7%, and platinum, falling 4.1% and giving back most of the prior week's gains. Palladium and silver each fell 1.7%.
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