Gold prices have recouped part of their losses recorded amid renewed concerns about the global banking sector and achieved some gains today, Monday. Spot gold rose 0.1% to $1,988.89 per ounce after previously declining by 1%. U.S. gold futures jumped 1% to $1,994.10, affected by the crisis at Credit Suisse and the collapse of Silicon Valley Bank in the United States. As a result, gold has risen by more than 8% or $160 amidst increased demand for safe-haven assets. The dollar increased by 0.1%, making the yellow metal more expensive for foreign buyers.
Gold Attempts to Rise
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