Macro Briefing: 30 March 2023

* Taiwan president’s US visit could provoke strong China reaction, says analyst
* Wall Street Journal reporter arrested in Russia on charges of spying
* GOP bill in House aims to sharply increase US oil output
* Small banks losing deposits to larger institutions after SVB collapse
* Spain inflation falls to 19-month low
* AI starting to have impact on white-collar jobs
* Research suggests ChatGPT may provide assistance in portfolio management
* US pending home sales rise for third straight month in February:

Gold trades near one-year high as banking worries linger and US dollar. “During periods of confidence being lost in the financial system or big drawdown periods, it tends to be when gold does the best,” says Todd Jones, chief investment officer at Gratus Capital.