Gold Futures Jump $18.70 as SVB Failure Stimulates Buying Safe-haven Assets
The price of gold futures increased by 1% early this morning as investors sought safe-haven assets in light of concerns over the bankruptcy of Silicon Valley Bank (SVB), a US bank that lends to technology startups. The news of SVB’s closure and assignment to the Federal Deposit Insurance Corporation (FDIC) as the bank’s deposit custodian, …
Gold Futures Jump $18.70 as SVB Failure Stimulates Buying Safe-haven Assets Read More »