Gold hits over 5-week high on weaker dollar, bank worries

Spot gold was up 0.5% at $1,877.30 per ounce, as of 0051 GMT, after hitting its highest since Feb. 3 earlier in the session at $1,893.96. U.S. gold futures gained 0.8% to $1,882.10. The dollar index was down 0.4%, making bullion cheaper for buyers holding other currencies.

Mar 13, 2023 - 08:10
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Gold hits over 5-week high on weaker dollar, bank worries
Spot gold was up 0.5% at $1,877.30 per ounce, as of 0051 GMT, after hitting its highest since Feb. 3 earlier in the session at $1,893.96. U.S. gold futures gained 0.8% to $1,882.10. The dollar index was down 0.4%, making bullion cheaper for buyers holding other currencies.
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