Financial markets have seen unusual and bizarre price action this year, with gold rising almost 10%. Stocks rallied after benign inflation data, while gold hit fresh highs at $3,680.70 per ounce. The bond market reacted unexpectedly, with the 30-year Treasury yield falling only after a bad jobs report. The dollar index has remained stable despite expectations for Fed easing. Bitcoin’s volatility has led markets back to gold as a safe haven.

Fears of a debt crisis in France and the U.K. have raised global bond yields, with Fitch downgrading France’s credit rating to A+. Political gridlock in France dims hopes of fiscal discipline. Recent geopolitical events, including Israel’s attack on Hamas leaders in Qatar and Russian drones entering Polish airspace, have caused uncertainty in markets.

Market moves have been unusual, possibly due to geopolitical concerns favoring the dollar. The rise in gold prices may not signify the dollar losing its reserve currency status, but temporary noise. The dollar’s 10% decline this year reflects Trump’s policies weakening Fed independence and worsening deficits. Unusual correlations in markets align with macroeconomic uncertainties and policy choices globally.

Read more at Yahoo Finance: Markets have been acting ‘super weird’ lately. Just look at gold prices vs. the dollar and bonds