Gold likely to be volatile next week as concerns over US CPI data loom

Gold likely to be volatile next week as concerns over US CPI data loom

Gold closed with a gain of nearly 0.70% in the week gone by, erasing steep losses made on Federal Reserve Chair Powell’s hawkish testimony. It ended the week at $1867.24. Gold gained on worries about the US banks as Silicon Valley Bank defaulted, which led to spillover concerns. Some softer than expected data in the … Read more

SVB depositors, investors tried to pull $42 billion Thursday

SVB depositors, investors tried to pull  billion Thursday

Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade, according to a Friday regulatory filing. At the close of business on March 9, the bank had a negative cash balance of $958 million, according to an order … Read more