Gold and silver led gains across major assets Thursday even against a seven-week high for the US dollar, a combination strategists linked to diversification demand rather than the usual inverse relationship between gold and the dollar. Brent crude led decliners, falling as additional Saudi crude routed through Oman eased the supply fear that had driven the earlier price spike. The divergence across six assets on the same day underscores how differently markets are now pricing energy risk versus safe-haven demand.
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The TSX Composite rebounded to about 35,858 on Thursday, led by base metals, a day after closing at its lowest level since July.
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Brent crude rose 5.1% over the week to $87.84 a barrel as an escalating Iran conflict pushed oil back toward its earlier highs.
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