Despite a positive development surrounding the Credit Suisse saga, worries about a full-blown global banking crisis continue to lend some support to the safe-haven Gold price. It is worth recalling that the troubled Swiss bank announced this Thursday that it will exercise an option to borrow up to $54 billion from the Swiss National Bank (SNB) to shore up the liquidity. Investors, however, remain concerned about a broader systemic risk in the wake of last week's collapse of two mid-size banks in the United States (US) - Silicon Valley Bank and Signature Bank.
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