Gold Lower As Yields Surge, Bitcoin Rebound

Surging yields cap stock rally, Boris Survives Confidence Vote, Oil softens, Gold lower as Yields surge, Bitcoin rebound – OANDA US stocks rallied early as improvement with China’s COVID situation, optimism that a strong labor market will help the US consumer handle the latest wave of inflation, and after a wrath of positive news. With no US economic data releases scheduled for today and a quiet Fed due to the blackout period, US equities followed the rally that started in Asia. With the exception of the latest Musk/Twitter drama, it was mostly positive news from corporate America, which trans…

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