SVB collapse puts Fed in tough spot for rate hikes.

The collapse of Silicon Valley Bank (SVB) and Signature Bank, which had $118 billion in assets under management, will force the Federal Reserve to pause its rate hikes on March 22nd, according to Matthew Piepenburg, Commercial Director at Matterhorn Asset Management. SVB's collapse was largely due to its poor management of interest rate risk as the Federal Reserve hiked rates by 450 basis points over the past year. As the U.S. dollar loses value, gold is set to "rip," forecast Piepenburg, who noted that the strong U.S. dollar had dampened the gold price in 2022, but that as recessionary pressures build, the dollar is set to weaken.