Gold, silver soar as Silicon Valley Bank collapse spurs flight to safety

Gold and silver prices surged on Monday, as their safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank, with the crisis also sparking hopes the U.S. Federal Reserve would have to slam the brakes on its aggressive monetary policy.

The U.S. dollar and Treasury yields extended their declines despite efforts by regulators to control the Silicon Valley Bank and Signature Bank turmoil.

https://www.cnbc.com/2023/03/13/safe-haven-gold-accelerates-as-traders-assess-svb-fallout.html