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Gold Prices Jump To 1-Year High As Banking Sector Concerns Return To Fore

U.S. gold futures climbed 2% to $2,012.50. (File)
U.S. gold futures climbed 2% to $2,012.50. (File)
Gold prices jumped 1% to their highest since March last year on Monday, erasing earlier losses, as worries about the global banking sector returned to the fore despite rescue efforts by Swiss lender UBS to buy peer Credit Suisse to stabilise broader financial markets.
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