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Macro Briefing: 24 March 2023

* Eurozone business activity rebounds to 10mo high in March: PMI survey data * Will banks’ $1.7 trillion in unrealized losses become a problem? * Expected…

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This article was originally published by The Capital Spectator

* Eurozone business activity rebounds to 10mo high in March: PMI survey data
* Will banks’ $1.7 trillion in unrealized losses become a problem?
* Expected fall in lending due to bank turmoil will help Fed tame inflation
* China could be a ‘relative safe haven’ this year, advise Citi economists
* Bond market volatility has surged, hinting at greater uncertainty and risk
* Tech consulting firm Accenture to cut 19,000 jobs
* US jobless claims edge down, continue to show tight labor market
* US economic activity eases in February: Chicago Fed Nat’l Activity Index
* New US home sales rebound for third month in February:

Gold rises to one-year high amid expectations that Federal Reserve rate hikes are at or near an end. “If they truly do pause that clearly has been a green light for the gold market, being a quintessential hedge against inflation,” says David Meger, director of metals trading at High Ridge Futures. “It’s likely that inflation would remain elevated if they’re unable to raise rates any further.”

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Companies

Anticipating 2,500m drill program, Mantaro builds 10 drill pads at Santas Gloria, Peru – Richard Mills

2023.06.03
Vancouver-based Mantaro Precious Metals (TSXV:MNTR, OTCQB:MSLVF, FSE:9TZ) is planning a 15-hole, 2,500-meter drill campaign at its 100%-owned…

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Precious Metals

Gold And Dollar Dynamics Amid Job Surge And Federal Reserve Expectations

Gold prices were on track for their most substantial weekly rise since early April on Friday, driven by a weaker … Read more

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‘Goldilocks’ Jobs Data Drives Stock Short-Squeeze, Hammers Bonds & Gold

‘Goldilocks’ Jobs Data Drives Stock Short-Squeeze, Hammers Bonds & Gold

Optimism started overnight with reports that China is considering…

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