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Home Markets Futures

Gold hits 4-week high after U.S. authorities intervene to save depositors in failing banks

News Room by News Room
March 13, 2023
in Futures
Reading Time: 1 min read
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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.

Price action
Market drivers

Gold and silver were benefiting on Monday from both lower Treasury yields and heightened demand for safe-haven assets, precious metals analysts said.

“Gold…

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