Peter Schiff Says Investors Should ‘Worry’ As New Trend Emerging With Oil, Treasury Yields And Gold Rising Simultaneously

A new market trend may be emerging as oil prices, bond yields and precious metals have moved higher simultaneously, according to economist Peter Schiff.

Oil, Bond Yields And Gold Climb Together                                           

In a Monday post on X, Schiff said oil and bond yields rose alongside a rise in precious metals, reversing the “negative correlation that’s dominated trading since the war broke out.”

The 10-year Treasury yield has risen 6.8% to $4.42 since the start of the year, while the gold price climbed 9.2%. The S&P 500 is up 8.3% at the time of writing.

The ETFs tracking the …

Full story available on Benzinga.com