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Gold becomes safe haven as SVB fallout continues

DEMAND for precious metals increased as bond yields plunged and US president Joe Biden moved to reassure Americans about the stability of their banking system in the wake of the collapse of Silicon Valley Bank and Signature Bank.

Kristie Batten
Gold becomes safe haven as SVB fallout continues

There's now speculation the US Federal Reserve will have to pause interest rate rises or even start cutting rates - quite a change from only a few days ago. US stocks closed only 0.2% lower but ASX...

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