This week, one central bank after another made it clear that interest rates need to stay higher for longer. As a result, government bond yields rose sharply, the US dollar strengthened and equities sold off. Only the Bank of Japan remains on a different wavelength, keeping its monetary policy as loose as ever. In Asia, the positive news is that China may allow the immediate transfer of investment-related funds in and out of the country, while India's government bonds will be included in a major global bond index. Tim Gagie, Head of FX & PM Solutions Geneva, notes that the Swiss National Bank's decision not to raise interest rates was the most surprising, but also the most understandable. Carsten Menke, Head of Next Generation Research, makes the point that good news on the economy is bad news for gold.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Mike Rauber (Investment Writing)06:22 FX and metals update by Tim Gagie (Head of FX & PM Solutions Geneva)11:32 Gold by Carsten Menke (Head of Next Generation Research)15:58 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.