Day: March 13, 2023

Uncategorized

Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations

Gold prices hit a one-month high on Monday, recovering sharply from recent losses as markets bet that a burgeoning banking crisis in the U.S. will push the Federal Reserve into softening its hawkish rhetoric in the coming days. The dollar fell sharply against a basket of currencies, while an inversion in the yield curve lessened […]

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Uncategorized

Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed

Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve will soften its hawkish rhetoric in the coming months, although caution still persisted over a potential economic fallout. Oil markets benefited from weakness in the dollar, after the Fed and other U.S. regulators intervened over […]

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