0121 634 8060 7am-10pm, 7 days a week Free Insured Next Day Delivery

March Gold News 2021


Hedge fund faces billions in losses after margin calls

Hedge fund faces billions in losses after margin calls

Archegos Capital, the hedge fund owned by Bill Hwang (formerly of Tiger Management), is at the centre of attention in the financial world following a 'fire sale' on Friday; the forced liquidation of positions due to margin calls and the need to free up funds to meet these repayment obligations.

Japanese bank Nomura Holdings, Mitsubishi UFJ Securities, and Switzerland’s Credit Suisse all announced that Archegos' losses would hit them as a result, with $6 billion being touted as the global total lost.

Signs of recovery for gold as market turmoil rises

Signs of recovery for gold as market turmoil rises

A host of economic issues has added further uncertainty for the global economy in the past few days. Both geopolitical concerns as well as the ongoing coronavirus pandemic have served to give gold a small boost following its recent price pressure.

Having fallen as low as £1,213.79 per ounce earlier this month, gold has been making gradual gains since, and is now up just over 4% and trading at around £1,260 per ounce today.

linkedin
Need help? Chat with Us