Here is what you need to know. 1. US banks and hedge funds may have fueled the shock surge in money market rates, report finds. The unwillingness of the top four US banks to lend cash, combined with a burst of demand from hedge funds for secured funding, could explain a recent spike in US money market rates, the Bank for International Settlements said. 2. Goldman Sachs sees gold soaring 9% in 2020 as Trump's trade-war and recession fears grip investors.
Here is what you need to know. 1. US banks and hedge funds may have fueled the shock surge in money market rates, report finds. The unwillingness of the top four US banks to lend cash, combined with a burst of demand from hedge funds for secured funding, could explain a recent spike in US money market rates, the Bank for International Settlements said. 2. Goldman Sachs sees gold soaring 9% in 2020 as Trump's trade-war and recession fears grip investors.
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