COMMODITIES
Central Banks on Gold Buying Spree
Wondering why gold has been doing well this year? It’s because Central Banks in emerging markets are on a gold buying spree.
The buying spree has setup gold as the second best performing asset (just behind crypto).
Forget Dogecoin, go get those gold coins!
AI in BANKING
Banks Adopting Llamas (AI)
Meta (parent of Facebook) announced that banks and tech firms were using their free open-source AI models, a.k.a. Llama, to build, train and implement in their firms.
COMPLIANCE
Goldman Sachs First to Appeal Capital Requirements
Goldman Sachs is the first to appeal new capital requirements set by the US Federal Reserve after its most recent stress test.
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