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Gold Price Losing its Safe-Haven Shine, US Bond Yields Move Higher

March 28, 2023

Via: DailyFX

Risk markets are flat to marginally higher in quiet trade Tuesday as traders try and look past the recent banking turbulence. The First Citizen partial takeover of SVB over the weekend and the seemingly unlimited amounts of US dollar liquidity that have been made available have calmed markets and traders are now looking ahead to important US growth and inflation data later this week. While the banking sector has stabilized, the rebound is tepid, and the space as a whole continues to nurse sizeable losses since the sell-off accelerated earlier this month.

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