The Silicon Valley Bank collapsed was caused by too much money and high interest rates. With yesterday Feb CPI data at 6%, Fed is likely to raise interest further +0.25% next week and another +0.25% in May meeting to 5.25%. How many hikes to come and will that impact the market?
As US CPI remain high, global equities will continue to be uncertain this year. Investors are now turning their attention to precious metals.
Also, find out why precious metals is still an inflationary hedge and also a currency hedge asset, and tips on investing and trading into the gold markets.
$Gold - Apr 2023(GC2304)$ $Gold - main 2304(GCmain)$ $SPDR S&P 500 ETF Trust(SPY)$ $Micro 10-Year Yield - Mar 2023(10Y2303)$ $Micro 2-Year Yield - main 2303(2YYmain)$
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