Gold and Silver Surge on Banking Concerns and Rate Hike Bets
3/24/2023 2:27:13 PM
Last week, gold and silver enjoyed safe-haven inflows and weekly gains, as concerns surrounding the global banking system persisted. As banks in the U.S. and abroad continued to struggle, many questioned whether the U.S. Federal Reserve would ease its pace of rate hikes, or continue to raise rates, as inflation in the U.S. is stubbornly high. As a result, investors focused on this week’s Fed policy meeting and press conference on Tuesday.