HomeMarketsU.S. Economy & JobsIs The Credit Crunch Deflationary? Gold’s Move Higher

Is The Credit Crunch Deflationary? Gold’s Move Higher

“The 25BPS interest rate hike by the Federal Reserve was expected as they need to continue to combat inflation. However, things like the Silicon Valley Bank collapse will start to happen. Regarding the gold price, it is moving higher as central banks are adding the metal to their reserves. People are flocking to gold as a safe haven,” says Infinity Stone Ventures’ Zayn Kalyan.

Futures

23 Mar 2023

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