Gold and Silver Reach Record Highs, Analysts Expect This Trend to Stick Around in the Second Half of 2020

Gold and silver reach record highs

Source: Depositphotos

Reading time: three minutes

On Thursday, 23.07, stock exchanges worldwide reported record increase in the price of gold and silver. The yellow metal reached the sum of $1880 per troy ounce—its highest price since 2011. Another top performer in the precious metals market was silver, which reached $23 per troy ounce in the same day—a 6-year high.

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Leading U.S. Banks Set Aside Billions for Rainy Days and Project the Worst Is Yet to Come

Picture of a metal briefcase filled with USD

Source: Pixabay | Owner: Maklay62

Reading time: four minutes

Last Tuesday, 13.07, three of the biggest banks in the United States—JPMorgan Chase & Co, Wells Fargo & Co and Citigroup Inc—set aside a grand total of $28 billion to prepare for potential defaults on loans expected to rain from both individual and corporate clients. According to Bloomberg, the last time such an amount of money was set aside to deal with bad loans was during the Great Recession of 2008.

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