Gold prices rise as global banking crisis spurs safe-haven demand

Shares of Credit Suisse slumped by as much as 30% on Wednesday after the lender's largest shareholder said it could not provide further support, prompting the chief executive officer to make new assurances on its financial strength.

Gold prices rise as global banking crisis spurs safe-haven demand
Shares of Credit Suisse slumped by as much as 30% on Wednesday after the lender's largest shareholder said it could not provide further support, prompting the chief executive officer to make new assurances on its financial strength.