March 01, 2021

Gold has stabilized around $1,720 to begin March after falling 6.5% in February, with the bulk of that dip coming in last week’s selloff amid rising treasury yields.  Today, yields fell slightly which, coupled with the approval of Johnson & Johnson’s COVID vaccine, is helping equities gain back some of last week’s losses.  The Nasdaq and S&P 500 are both up over 2.5% today and the Dow is up over 700 points.