Daily Gold Market Report | Today’s top gold news and opinion
Gold incrementally higher in quiet trading ahead of inflation dataMore than a half-trillion dollars wiped out in banking crisis so far (USAGOLD – 5/8/2023) –...
Silver hit a 1-year high. Here’s why it can keep climbing.
MarketWatch/Myra P. Saefong/5-3-2023 “Demand for physical silver, and gold for that matter, is showing overall investor concern over the state of the economy, geopolitical turmoil,...
Central Bank Gold Buying Sets First Quarter Record
May 8, 2023 by Michael Maharrey 0 0 After a record-setting 2022, central banks continued to buy gold in the first quarter of 2023, setting a new Q1...
GLOBAL MARKETS-Waiting for ECB, nervous about Fed pivot and banking sector
By Rae Wee and Ankur Banerjee SINGAPORE, May 4 (Reuters) – Global stock markets sagged while the Japanese yen rose on Thursday in reaction to...
Stocks slump as regional banks tank: Stock market news today
Stocks slumped Thursday afternoon as markets digested the latest interest rate hike from the Federal Reserve and more pressure on the regional banking sector ahead...
PacWest Tries to Calm Jittery Markets After 60% Stock Plunge
(Bloomberg) — PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after...
First Horizon Shares Crash After TD Bank Deal “Terminated”
Update (1018ET): First Horizon Corp. shares plunged 37% at the cash open in New York, the most significant decline since September 2008. Bloomberg reported First...
Pushback Against Powell’s Prognosis Comes Almost Immediately
(Bloomberg) — Within hours of the Federal Reserve’s latest policy decision, traders and commentators alike had started to challenge Chair Jerome Powell’s assessment of the...
Treasury Yields May Fall to 2% as Gundlach, Banks Eye Recession
(Bloomberg) — The rally in US Treasuries is set to accelerate as the world’s biggest economy slides toward a recession, strategists say. Most Read from...
Banking Crisis Will Only End Once the Fed Slashes Rates: Jeff Gundlach
Regional banks will be under threat until the Federal Reserve cuts interest rates, according to Jeff Gundlach. “Deposits are going to keep drifting out” until...