Gold prices fell following the rise in stocks undermined the yellow metal’s attractiveness as a safe haven, while investors were assessing the steps taken by the authorities to allay fears of a crisis in the global banking system.
And gold fell in spot trading 1.4 percent to 1949.99 dollars. US gold futures fell 1.5 percent to $1,954.20.
Reaching a buyer for Silicon Valley bank deposits and loans helped stocks of European banks recover partially, which in turn led to gold falling below the $2,000 barrier it breached last week.
