Gold futures topped $2,000 an ounce on Monday to mark their highest intraday price in more than a year, as fears of a crisis in the banking sector led to a rise in demand for gold as a safe-haven investment.
Prices for the precious metal, however, failed to hold at their highest level of the session after posting a nearly 6% rally last week, raising the question of whether gold’s rally is set to last amid efforts to avoid a global banking crisis.
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