|Day's range||1,938.60 - 1,988.70|
Gold bugs have been waiting for this moment. The precious metal has been on an upward trend amid still-too-hot inflation, a banking crisis, and expectations of a 25 basis point rate hike (or none at all) — at the next Fed meeting.
Yahoo Finance’s Ines Ferre joins the Live show to discuss how investors are reacting to gold following turmoil across the U.S. banking sector.
On March 15, 2020, the U.S. Federal Reserve slashed its benchmark interest rate by 100 basis points to almost zero and committed to boosting its bond holdings by at least $700 billion. The global economy staggered and then limped, but markets soared. It also unleashed a wave of armchair virologists on Twitter to keep us up to date with every minutia of the COVID threat.