Today, Citigroup and Bank of America each rose about 1.8%. Bank stocks typically benefit when the VIX falls and credit spreads narrow. However, Lingbao Gold and Shandong Gold rose 7.7% and 6.7% respectively. The rise in gold prices indicates that market confidence in the US dollar is not yet fully stable, and the safe-haven logic is at play. Both logics coexist without forming a unidirectional combined force.
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