Gold prices could notch an all-time high soon — and stay there
Publishing timestamp: 2023-03-22 01:40:55
Summary
Gold prices have been rising and could potentially reach $2600 per ounce due to global banks struggling and the U.S. Federal Reserve's interest rate decision. Investors have been turning to gold and Treasurys after the collapse of Silicon Valley Bank and Credit Suisse's struggles. Gold's all-time high was $2075 in August 2020. Demand for gold has increased due to central bank purchases, and experts predict continued central bank buying of gold will keep prices high. The Federal Reserve's next moves and their impact on gold prices are being closely watched by investors.
Sentiment: MIXED
Tickers: CSG.N-CH, WPM-CA, SIVB,
Keywords: credit suisse group ag, asia economy, svb financial group, commodity markets, u.s. economy, economy, banks, united states, business news, wheaton precious metals corp,
Source: https://www.cnbc.com/2023/03/22/gold-price-could-hit-high-amid-svb-credit-suisse-bank-problems.html