Gold Reverses Early Losses as Dollar Retreats

Gold could decline to 1,920oz analyst Volumes in SPDR Gold Shares highest since Oct March 30 Reuters Gold prices reversed course to trade higher on Thursday, as a slightly softer dollar helped counter risk appetite fuelled by easing concerns about the global banking system. Spot gold was up 0.3 at 1,968.89 per ounce, as of […]
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Whos to Blame for Bank Failures, U.S. Stocks Rise High, Crude Falls After Inventories Report, Gold Remains Low

PREVIOUS TRADING DAY EVENTS 29 March 2023 Announcements  K.s Financial Policy Committee FPC published its statement which includes a detailed analysis of the financial systems stability, an assessment of potential risks to financial stability and recommendations to protect and enhance the resilience of the countrys financial system. They state that The U.K.s banking system has […]
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Banking Turmoil Means Recession Fears are Creeping Back

March 29 Reuters The failures of U.S. lenders Silicon Valley Bank SVB and Signature Bank, followed by Credit Suisse39;s rescue, and the ensuing turmoil in world markets have reignited the recession risks that appeared to have abated just a few weeks ago. Traders now bet the Federal Reserve is practically done hiking interest rates. Optimism that […]
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