TODAY’S NUMBERS $4,307 (gold, a record) · 4.99% (US 10-year Treasury yield, a 19-year high) · $104.59 (Brent crude, down for a second day). Record gold beside near-record yields isn’t ordinary risk-off trading — it’s central banks hedging against the very tool the West is about to test on Russia again: freezing reserves. This week […]