Gold price in euros skyrocketed over 3% on Wednesday, the highest since April 2022, as investors turn to the precious metals market amid the ongoing crisis surrounding the collapse of the Silicon Valley Bank and uncertainty tied to Credit Suisse.
Spot gold advanced 3.36% to sell for €1,833.7835 at 6:03 pm CET, around 3% under its all-time high. Gold in Swiss francs also went up 3.04% to change hands for 1,793.2144 at 6:06 pm CET. Meanwhile, gold in dollars traded 1.41% higher to go for $1,930.18 at 1:10 pm ET.
