Gold, considered a safe haven in times of instability, surpassed $2,000 an ounce this Monday and is approaching the highs it reached in August 2020, $2,075.
Shortly before the opening of the stock market, at 8:41 am, gold reached $ 2,009.10 an ounce, ahead of the opening of European stock markets, the future of which expected a loss of more than 1% after the purchase of the Swiss bank Credit Suisse by UBS.
However, shortly after, at 10:30 am, the price of an ounce of gold offset its gains and traded at $1,995.18.
In recent sessions, gold has risen sharply amid the banking crisis triggered in both the US and Europe by the collapse of US bank Silicon Valley Bank and the troubles of Swiss Credit Suisse.
Fears of a banking crisis shook the stock market and caused investors to flee to safe havens such as gold, debt and bitcoin.
Gold hit an all-time high in August 2020 when it traded at $2,075.
With the invasion of Ukraine in March 2022, it reached $2,070.
Source: DN
