Gold and Silver Surge on Banking Concerns and Rate Hike Bets

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.

APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies

 (0)

There are no items in the cart.