Most markets continued to rally this week. National currencies, cryptos, bonds, and most stock indexes were in the green, while commodities were mixed. The largest gains were in the CCi30 crypto index, up 28.8%, Bitcoin, up 24.3%, and coffee, up 16.4%. The worst losses were in gold stocks, down 4.4%, and palladium, off 1.8%.
All major currencies bounced higher, led by the US Dollar. USD cash rose 4.6%, along with its short term notes, but long term bonds added only 1.9%.
The Dow Jones Industrial index gained 3.3% this week, and now sits 1.9% below its all-time high priced in dollars, but 62.3% below its all-time high priced in gold. Bitcoin rose above the 1kg mark this week, closing at 1,100 grams. This is 4.7% below its all-time high.
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