Gold prices surged on Monday, hitting a 4-week high as the U.S. dollar weakened and Treasury yields declined after the Federal Reserve and other U.S....
Gold prices surged on Monday, hitting a 4-week high as the U.S. dollar weakened and Treasury yields declined after the Federal Reserve and other U.S. authorities stepped in to try and prevent a banking crisis from spreading.
“Gold... Gold prices surged on Monday, hitting a 4-week high as the U.S. dollar weakened and Treasury yields declined after the Federal Reserve and other U.S. authorities stepped in to try and prevent a banking crisis from spreading. “Gold has been one of the few beneficiaries from the collapses of first Silvergate and then Silicon Valley Bank with the precious metal’s safe haven appeal seeing its price surge to close to $1,900 an ounce,” said Rupert Rowling, a market analyst at Kinesis Money.
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No federal bailout for collapsed Silicon Valley Bank, Treasury Secretary saysTreasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money.
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Treasury Secretary Yellen: No federal bailout for collapsed Silicon Valley BankThe federal government won’t bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money.
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Treasury Secretary Janet Yellen says no federal bailout for Silicon Valley BankWith Wall Street rattled, Yellen tried to reassure Americans that there will be no domino effect after the bank collapse and said the federal government is working to help depositors.
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No Federal Bailout for Silicon Valley Bank, Treasury Secretary SaysTreasury Secretary Janet Yellen dismissed the possibility of a federal bailout for Silicon Valley Bank after it collapsed last week. “We’re not going to do that again,” she said, referring to the bailouts during the 2008 financial crisis.
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No federal bailout for collapsed Silicon Valley Bank: Treasury Secretary YellenTreasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money.
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Treasury, Federal Reserve, FDIC release joint statement mapping out approach to Silicon Valley Bank collapseTreasury Department, Federal Reserve, and the FDIC issued a joint statement Sunday mapping out how regulators will handle the failure of Silicon Valley Bank.
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