Investors flock to safe-haven assets amid debt ceiling fears and Fed meeting anticipation.
TL;DR Summary
Gold and silver prices rose due to safe-haven buying interest as trader and investor risk aversion has quickly up-ticked amid a sharp drop in U.S. banking stocks. The Federal Reserve's Open Market Committee (FOMC) meeting is expected to raise its main U.S. interest rate (the Fed funds rate) by 0.25%. The European Central Bank also meets Thursday and is expected to raise its main interest rate by a quarter-point.
- Gold, silver rally on safe-haven demand as U.S. banking sector spooked Kitco NEWS
- Treasury yields fall as investors await Fed meeting, weigh policy expectations CNBC
- Debt Ceiling Anxiety Tracker: Market Fear About June Is Growing Yahoo Finance
- Investors abandon 1-month Treasury, yield spikes on debt ceiling deadline fears (US1M) Seeking Alpha
- 3-month T-bill rate touches highest level since July 2006 on debt-ceiling worries MarketWatch
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