The precious metals market experienced a boost amid a recent banking crisis that has seen three major banks become insolvent. Gold prices rose to more than $1,900 per ounce and nearly reached the $2,036 per ounce high seen in July 2020 in the wake of the third-biggest bank failure in America’s history.
After consecutive interest rate hikes by the U.S. Federal Reserve caused the value of Silicon Valley Bank’s investments in long-term, higher-yield, mortgage-backed bonds and…
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