Currencies, cryptocurrencies and bonds were lower this week, while equities and commodities were mixed. Precious metals were hit hard, as palladium saw the largest drop of any asset class and platinum closed at a new all-time low. The best performers were cotton, copper and gold stocks, each rising 1% for the week.
This was a great week for every asset class except the cryptocurrencies. Ethereum took the biggest hit, falling 25.6% to close at 9.3 grams. Bitcoin also fell hard, giving up 21.1% and closing at 161.9 grams. The strongest assets were stocks, led by the Euro STOXX 50 index, which rose 4.5%, closely followed by the Nikkei and the Dow Industrials.
This week, commodities and currencies (national and crypto) were mixed, bonds were lower, and equities were mostly higher. Crude oil saw the largest price increase, rising 3.0%. Bitcoin fell the most, down 5.0%, but cotton was close behind, dropping 4.8%. Gold stocks made the second largest gains, rising 1.9%.
Digital tokens rose strongly, while other asset classes were mixed. Ethereum made the largest gains, rising a whopping 49.6% to close at 17.0 grams, while Bitcoin ended in second place, up 9.3%. Copper was in third place, rising 4.9%. The largest losses were in coffee, which fell 1.8% for the week, while the EURO STOXX 50 dropped 1.5% and platinum fell 1.4% to close at 21.9 grams per ounce, a new all-time low.
Digital tokens and commodities were again mixed, while other asset classes were mostly higher. Bitcoin made the largest gains, rising 50.8% for the week to close at 399.3 grams. Cotton ended in second place, up 2.6%. The largest losses were in coffee, which fell 3.5% for the week, while gold stocks dropped 2.8% and platinum fell 2.6% to close at 22.2 grams per ounce, a new all-time low.
Digital tokens and commodities were mixed, while other asset classes were unchanged or higher. Bitcoin made the largest gains, rising 34.0% to close at 264.8 grams, a new all time high. The largest losses were in silver, which fell 2.6% for the week, closing at 0.4 grams per ounce.
The week of 13-Oct saw stocks, bonds and currencies lower, digital tokens much higher, and commodities mixed. This week, stocks, bonds and currencies recovered some of those losses, commodities were again mixed, and Bitcoin rose to new all-time highs while Ethereum gave up all of the prior week's gains. The largest gains were in Bitcoin, which rose 7.6% (on top of the prior week's 25.3% gain) to close at a record high of 145.3 grams. Gold stocks had the largest losses, dropping 1.2% this week on top of a 2.6% loss the prior week.
Currencies, bonds and major stock indexes were higher, commodities were mixed, and digital tokens stabilized this week. The largest losses were in coffee and silver, down 2.9% and 2.0% respectively. The biggest gains were in Ethereum, up 4.0%, and crude oil, which rose 3.7%.
Most asset classes were lower, but digital tokens shot much higher. Ethereum rose 38.2% and Bitcoin gained 24.8%, continuing to rise after the successful Bitcoin hard fork on August 1st. Bonds, major stock indexes, and commodities were all lower.
National currencies and bonds were higher, commodities were lower, and stocks and digital tokens (cryptocurrencies) were mixed. The biggest gains and losses were both in digital tokens, as Bitcoin fell 9.8% to finish the week at 62.6 grams (about 2 troy ounces) while Ethereum rose 33.4% to close at 9.2 grams. In equities, the US markets rose, while Europe and Asia fell. Gold stocks also resumed their downward trend, falling 4.3%, the second largest drop after Bitcoin.