The ongoing global economic uncertainty due to the banking system collapse in US and Europe, the mainstream financial institution is losing the trust of the investors and the investors are now finding gold a safer investment option. Investors now have started to view gold as a reliable store of value in times of crisis.

Silicon Valley Bank’s collapse was the most prominent banking failure since the 2008 financial crisis. The struggling bank was heavily invested in US government bonds, which have declined in value amid rising interest rates. To cover customer withdrawals, Silicon Valley Bank had to sell off the bonds, resulting in liquidity issues, as more and more clients withdrew their funds due to worries about liquidity.