Bullish gold argument continues to strengthen
By Ole S. Hansen March 27, 2023
Memories of the Global Financial Crisis resurfaced with a vengeance these past couple of weeks after financial markets were rocked by the worst banking sector turmoil since 2008. The failure of Silicon Valley Bank and troubles at Credit Suisse triggered tumultuous trading activity across markets, most notably in the bond market which remains the glue that holds everything together. The response to these still unfolding events has been a tumble in US bond yields, a sharp adjustment to the future US rate trajectory, and safe-haven demand for Japanese yen and gold.
Continue reading Bullish gold argument continues to strengthen- Saxo Bank