Bank crisis doping under

Gold rose by 3 percent since Wednesday, reaching its highest level in a month, as the market turned to safer instruments following the bankruptcy of SVB, one of the largest banks in the US. Gold continued to rise in Asian markets after rising by 2 percent on Friday as investors turned to safe havens following the bankruptcy of SVB, one of the largest banks in the US. Spot gold is traded at around $1,873 per ounce. Gram gold is finding buyers at TL 1,143 in the markets. The collapse of Silicon Valley Bank, the second largest bank failure in US history, has caused concerns that it could spread throughout the financial system, leading regulators to take action on Sunday to protect depositors. Spot gold, taking advantage of the uncertainty, rose by 3 percent since Wednesday's close, reaching its highest level in a month, as concerns about the collapse of SVB grew. On the other hand, while US data from last week reinforced thoughts that the Fed could increase the pace of interest rate hikes, it presented a mixed picture regarding the economy. While inflation data due on Tuesday is expected to play a key role in determining the Fed’s next move, the SVB’s collapse is also likely to have an impact. Financial tensions at the U.S. regional bank level are seen as making it less likely that the Fed will make an aggressive rate hike later this month.