Gold closes above $1900 amid hopes that interest rate hikes will stall after collapse #chinwa.tech
Gold prices stabilized above the important $1,900 level on Tuesday, March 14, amid expectations of a slowdown in the pace of the Federal Reserve raising interest rates following the collapse of two major regional banks in the United States. States, which increased the appeal of returnable non-metals.
And gold closed in flash trading at $1913.54 an ounce at 00:53 GMT. There was little change in US gold futures at $1916.20 an ounce
Gold prices rose more than 2% yesterday, Monday, to their highest level since February 3, at $1,914.58, despite efforts by US authorities to limit the fallout from the Silicon Valley banking collapse and restore investor confidence in the banking system. Regulators shut down New York-based Signature Bank on Sunday
Spot market silver rose 0.1% to $21.83 an ounce, while platinum fell 0.1% to $995.21 and palladium was unchanged at $1,473.33.