Bloomberg Business

Sprott Sees Gold Hit Fresh Record as Banking Crisis Unfolds

Gold prices could surpass the record set at the height of the Covid-19 pandemic if ongoing turmoil in the banking sector persists and global central banks downshift their interest-rate hiking cycle, according to Sprott Inc., a top investor in the bullion industry.

Canadian Banks’ AT1s Join Selloff After Credit Suisse Rescue

Canada’s financial institutions’ regulator moved to reassure investors as the country’s riskiest bank debt joined a global selloff after the value of some Credit Suisse Group AG bonds was wiped out in the bank’s takeover by UBS Group AG.