Gold prices surge amid Credit Suisse crisis and economic uncertainty.
TL;DR Summary
Gold and silver prices have surged to five-week highs due to safe-haven demand amid fears of a global banking and financial crisis. European banking stocks, led by Credit Suisse, are taking a hit, and US stock indexes are expected to open lower. The European Central Bank meets on Thursday, and the Federal Reserve's FOMC meets next week, with debates on whether to raise interest rates or stand pat amid the US banking crisis. China's economy rebounded in the first two months of the year, with retail sales up 3.5% and industrial production up 2.4%.
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- Gold's $3k rally? The missing catalyst is here: banking crisis signals economy's 'ebbing tide' - Bloomberg Intelligence Kitco NEWS
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- View Full Coverage on Google News
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