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Gold bounces 1% as investors seek cover from US banking rout

Por: CNBC Business March 13, 2023

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Gold prices jumped more than 1% and made a run towards the key $1,900 level on Monday as fears of a fallout from the largest U.S. bank failure since the 2008 financial crisis drove investors to the safe-haven asset. was up 0.8% at $1,882.70 per ounce, as of 0416 GMT. Earlier in the session, bullion hit its highest level since Feb. 3 at $1,893.96. gained 1% to $1,886.50.Gold has certainly sprung back to life, with safe-haven flows sending... + full article



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