Gold rallies over 1% as Credit Suisse crisis hits risk appetite

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Gold prices climbed over 1% to their highest since early February on Wednesday as a fresh crisis in the banking sector turned investors away from seemingly riskier assets and drove them to the safety of bullion.

Spot gold jumped 1.3% to $1,925.97 per ounce by 11:56 a.m. EDT . U.S. gold futures gained 1.1% to $1,930.80.

 

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Gold rallies by typical market fluctuation moise, thank you for that report Reuters

A inizio pandemia c'era da comprà un po di sterline...adesso è troppo tardi aimè

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IronmanAMCape $HYMC HycroftMining GOLD

All this news about financial crisis in the West will only make Putin and Russia happy and emboldened.

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Gold Price Forecast: XAU/USD soars to $1,930 after US data; Credit Suisse shares tumbleGold price resume the upside on Wednesday, boosted by risk aversion across financial markets, triggered by worries about the health of Credit Suisse.
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Source: Reuters - 🏆 2. / 97 Read more »

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Source: WSJ - 🏆 98. / 63 Read more »

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Source: WSJ - 🏆 98. / 63 Read more »

Credit Suisse says outflows have stabilized but not reversedCredit Suisse said customer 'outflows stabilized to much lower levels but had not yet reversed as of the date of this report' in its 2022 annual report published on Tuesday. This means it hasn’t This bank is done. Market should insta exit this AM. Not just the banking sector.
Source: Reuters - 🏆 2. / 97 Read more »

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