June 17, 2022

Metals are on pace for a weekly loss, however, out-performed equities significantly as markets continue to react to this week’s Fed decision and the increasing likelihood of a coming recession. Gold is on pace for a 1.8% weekly decline and silver is down 1.5%. Stocks are in the green today, but on pace for a 6% loss as these recession fears grow. Cryptos were hardest hit this week, with Bitcoin losing more than 20% of its value since Monday.