Fundamental Outlook: On Monday, the prices of oil dropped after initially increasing, as worries about a decline in demand this year and the anticipation of the Federal Reserve meeting overshadowed efforts by major central banks to alleviate concerns of a potential banking crisis in the market.
Read MoreFundamental Outlook: The recent turmoil in the banking industry, which could potentially have negative impacts on the broader economy, has led to a surge in demand for safe-haven assets like silver in the past few weeks.
Read MoreFundamental Outlook: On Monday, gold prices were slightly positive, as investors assessed the effects of the Federal Reserve's and other major central banks' emergency liquidity measures in response to mounting concerns over a potential banking crisis.
Read MoreFundamental Outlook: On Monday, a high-ranking official in Japan's government made a statement indicating that the country's banking system is secure and not vulnerable to the negative effects of issues currently affecting the banking sectors of the United States and Europe. The official's intention was to calm any concerns in the markets about a possible spread of problems to Japan.
Read MoreFundamental Outlook: On Sunday, the Bank of England expressed support for the proposed acquisition of Credit Suisse by UBS, which was brokered by Swiss authorities. The Bank also stated that it would endorse the approval of the deal, and reassured that the British banking system is adequately funded
Read MoreFundamental Outlook: Two senior executives involved in the discussions have informed Reuters that at least two major banks in Europe are assessing the possibility of contagion within the banking sector of the region. These banks are seeking stronger indications of support from both the Federal Reserve and the European Central Bank to help deal with any potential fallout.
Read More"Market Update: US Index Futures Negative, Major Currencies Flat, Precious Metals Mixed, Asian Markets Sink, Oil Decreases, and US Dollar Index Stable"
Read MoreFundamental Outlook: The price of oil increased slightly on Friday as the OPEC+ group was expected to implement measures to support the market. However, concerns over an economic downturn caused by a potential banking crisis limited the gains and led to oil prices being on track for their worst week of the year.
Read MoreFundamental Outlook: The prices of precious metals, including silver, were also positively affected by doubts regarding the Federal Reserve's ability to continue raising interest rates, considering the increasing economic pressure.
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