May 23, 2022

Gold is trading at $1,854, a two-week high as both metals and equities ticked up to begin the week. Treasury yields have stabilized lower than the previous two weeks, with the 10-year returning to the 2.85% area after rising as high as 3.2% after the last Fed meeting. Stocks rose across the board today; the Dow gained 600 points or nearly 2% and the S&P 500 and Nasdaq each rose about 1.6% Monday.