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Every Bank Crisis Reminds Us What’s Most Important
With banks finding themselves at the center of what looks to be another global financial crisis, why would a bank representative come out as a gold bull? Ole Hansen, Saxo Bank’s Head of Commodity Strategy, recently published a report outlining the risks financial markets face and how gold stands to benefit. Hansen is unsure on whether the Federal Reserve will be forced to abandon its fight against inflation, but in the same analysis presents a very compelling argument in favor of it. As he notes, the generally awful U.S. yield curve inversion has approached its worst level since 2001 following the latest hike. ... (full story)