Safe-haven demand powers gold price sharply up gold silver
- Gold and silver prices are sharply up and gold hit a four-week high in early U.S. trading Monday, on safe-haven demand amid a very uneasy general marketplace. April gold was last up $25.70 at $1,892.70 and May silver was up $0.669 at $21.18.
To show how much this event has shaken the general marketplace, Goldman Sachs is now predicting the Federal Reserve will not raise U.S. interest rates at its FOMC meeting next week. Said one market analyst in a Wall Street Journal story today: “When the Fed raises rates so quickly, nine times out of 10, it breaks things. We may see more corporate failures; we may see more regional banks go under.” Read a headline on Dow Jones Newswires: “Bank mayhem is now on the Fed’s radar.
U.S. Treasury prices are also solidly up on flight-to-quality buying. Meantime, Bitcoin prices are sharply up. The key outside markets today see the U.S. dollar index lower after hitting a three-month high last week. Nymex crude oil futures prices are lower and trading around $75.25 a barrel. The yield on the benchmark U.S. 10-year Treasury note is presently fetching 3.549%, after recently poking above the 4.0% level.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Grayscale has a 70% chance of winning the case against SEC: AnalystBloomberg analyst Elliot Stein gave his insights on Grayscale’s lawsuit against the SEC. The analyst believes that a ruling in the case is likely in the first half of 2023. Elliot Stein, a senior litigation analyst for Bloomberg, recently appeared in an episode of Unchained Podcast hosted by Laura Shin. The analyst gave his insights […]
Lire la suite »
Advocate says safe access bylaw a good step towards protecting 2SLGBTQIA+ CalgariansIf approved, the new bylaw would see a 100\u002Dmetre buffer zone in place around entrances to public libraries and city recreation facilities.
Lire la suite »
Some Albertans feel less safe since the pandemic started: poll | Globalnews.caNearly half of Albertans polled said there appears to be more violence in the community since COVID-19, and they feel less safe where they live compared to a year ago.
Lire la suite »
Advocate says safe access bylaw a good step towards protecting 2SLGBTQIA+ CalgariansIf approved, the new bylaw would see a 100\u002Dmetre buffer zone in place around entrances to public libraries and city recreation facilities.
Lire la suite »
Proposed ‘safe and inclusive’ bylaw to protect LGBTQ2+ community to be debated TuesdayA series of protests against Drag Queen story hours in recent weeks has made the city of Calgary act to try and stop them.
Lire la suite »
Almost nowhere on Earth is safe in terms of air quality: studyWhen it comes to air quality, almost nobody on Earth is safe, according to a new study that found only 0.001 per cent of the global population isn’t being exposed to levels of particulate matter above the World Health Organization’s threshold for safety.
Lire la suite »