Gold’s gains from Friday were partially reversed, with XAU/USD slipping towards $1,970/oz. Additionally falling, silver finished the day at $23.60. The performance of cryptocurrencies was uneven, with BTC/USD failing to recoup $27,000. Prices for crude oil increased somewhat; WTI got close to $72.00. On a quiet Monday in the financial …
Read More »BoE: inflation could trigger global selloff, harm UK
The Bank of England has warned that rising inflation could trigger a selloff in global financial markets, with a damaging impact on the UK economy.BoE expects inflation will rise above 4% this winter, and will remain elevated until at least the summer of 2022 before gradually falling back towards its …
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