Gold prices are soaring as investors brace for a potential recession. Find out why institutional investors are flocking to gold and retail investors are turning to Bitcoin. recession gold bitcoin
Over $15 Million in Gold and Valuable Goods Was Stolen From a Cargo Container at a Toronto Airport, Police Say
“The U.S. banking crisis has increased the demand for gold as a proxy for lower real rates as well as a hedge against a ‘catastrophic scenario,’” the strategists wrote. They also noted that institutional investors turned into gold, while retail investors are turning to Bitcoin. Additionally, the authors say investors are moving back into technology stocks, pushing those equities higher.
Recent events in banking have raised concerns for the health of the industry. Federal regulators said in reports on the collapses of Silicon Valley Bank and Signature Bank that the two institutions had flaws in their management, and that the agency itself didn’t conduct crucial oversight,Meanwhile, JPMorgan Chase itself bought First Republic Bank assets from federal regulators in what is now the second-largest bank failure in U.S.
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