Gold Nears $2,000 As Banking Turmoil Continues

Gold prices continue to rise as investors look for safe haven assets amid fears of further market volatility following Silicon Valley Bank’s collapse and the Swiss government’s emergency loan for Credit Suisse. The precious metal was trading at $1,936 on Friday afternoon, having started the day at $1,921 – reflecting a hefty bump-up over the week from its opening position of $1,879 per ounce on Monday. Investors typically turn to gold as a flight to safety option amid concerns of market instability, with fears of contagion…