Trade finance credit defaults fell to 0.32% in April, marking a 12-month low. Equity investors often see lower default rates as a value driver for banks in this niche. Trade finance rarely makes headlines, but it underpins the global economy. By some estimates, more than 80 percent of world trade relies on it. In Africa, however, the African Development Bank (AfDB) puts the trade finance gap at roughly $81 billion annually , a shortfall that limits small and mid-sized businesses from accessing capital. But US stocks haven't been alone in enjoying a stellar run this year. Gold ( GC=F ), a traditional flight-to-safety investment, has also soared, up 26% over the same period and quickly approaching the $4,000 mark. Last week marked the seventh straight week of gains for the precious metal. Trade finance partnerships between banks and freight corporations expanded by 7% this quarter. This collaboration is anticipated to boost cross-sell opportunities and share value.
