Gold, silver rebound after Moody’s says U.S. may face downgrade
Gold and silver futures rebounded after Moody’s Investors Service said U.S. policy makers must address debt woes to avoid a credit-rating downgrade this year, boosting the appeal of the metals as a haven.
Fed’s Evans says economy has been ‘improving quite a lot’
Federal Reserve Bank of Chicago President Charles Evans said the U.S. economy has improved “quite a lot” as the central bank maintains record stimulus.
Tap into oil volatility using an options spread
Over the past week crude oil prices have been rocked by conflicting macroeconomic data and a suspected price-fixing scandal, leaving many investors questioning the validity of current price levels. Tap into that volatility with a put spread.
U.K. Treasury says banks too big to save in independent Scotland
An independent Scotland would have a banking system too big to save in the event of a crisis, the U.K. Treasury said.