Gold prices could notch an all-time high soon — and stay there:Gold’s all-time high was $2,075 in August 2020, according to Refinitiv data.Tina Tenge from financial services company CMC Markets,xpects gold will trade between $2,500 to $2,600 an ounce.

• Gold prices have more room to rise and could go as high as $2,600 per ounce.
• Investors have been turning to gold and Treasurys after the collapse of Silicon Valley Bank and Credit Suisse’s struggles.
• Gold’s all-time high was $2,075 in August 2020, according to Refinitiv data.

Gold prices have more room to run as global banks struggle and the U.S. Federal Reserve renders another interest rate decision, potentially breaking all-time highs — and staying there.

“A sooner Fed pivot on rate hikes will likely cause another gold price surge due to a potential further decline in the U.S. dollar and bond yields,” said Tina Teng from financial services company CMC Markets. She expects gold will trade between $2,500 to $2,600 an ounce.

Investors have been flocking to gold and Treasurys as bank stocks have been whacked by the shuttering of Silicon Valley Bank and Credit Suisse’s implosion.

www.cnbc.com/2023/03/22/gold-price-could-hit-high-amid-svb-credit-suisse-bank-problems.html