Gold and silver climbed further on Friday, with the price of yellow metal hitting its highest point since April last year as banking sector turmoil seemingly pushed investors toward safe-haven assets.
Concerns over the health of the United States economy grew further after the SVB Financial Group, the parent company of Silicon Valley Bank, filed for bankruptcy.
Gold surged 2.14% to sell at $1,960.92 per ounce at 11:12 am ET. Silver jumped 2.39% to go at $22.20 per ounce.
