Gold prices surged on Monday, hitting a 4-week high as the U.S. dollar weakened and Treasury yields declined after the Federal Reserve and other U.S....
Gold prices surged on Monday, hitting a 4-week high as the U.S. dollar weakened and Treasury yields declined after the Federal Reserve and other U.S. authorities stepped in to try and prevent a banking crisis from spreading.
“Gold... Gold prices surged on Monday, hitting a 4-week high as the U.S. dollar weakened and Treasury yields declined after the Federal Reserve and other U.S. authorities stepped in to try and prevent a banking crisis from spreading. “Gold has been one of the few beneficiaries from the collapses of first Silvergate and then Silicon Valley Bank with the precious metal’s safe haven appeal seeing its price surge to close to $1,900 an ounce,” said Rupert Rowling, a market analyst at Kinesis Money.
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