TELETRADER News
3/27, 11:46 AM
(Source: TeleTrader)
Gold, silver dip 1% as financial tensions dwindle
The prices of gold and silver fell on Monday as worries related to the banking sector seemed to have subsided, potentially taking the attention away from the traditional safe havens, which the traders have been using as a refuge ever since the turmoil started.
The Federal Deposit Insurance Corporation (FDIC) previously shared that the First Citizens Bank & Trust Co has agreed to purchase a large portion of Silicon Valley Bank's assets.
Gold lost 1.02% to go for $1,957.26 per ounce at 5:45 am ET. Silver declined 1.10%, selling at $22.93 per ounce at the same time. Platinum tumbled 1.72% to $966.86 per ounce at 5:46 am ET. Palladium slipped 0.86% to go for $1,377.05 per ounce concurrently.