Gold prices on the Korea Gold Exchange have risen by 27,000 won since the end of last year, with one gold bar now priced at 347,000 won. On Mar. 15, April gold futures on the New York Mercantile Exchange closed at $1,931.30 per ounce, a 1.1 percent increase, reaching a six-week high due to the sense of crisis caused by SVB and CS.
Investors are turning to safe-haven assets, causing bond yields to fall sharply. In the New York bond market, the benchmark 10-year US Treasury yield fell by 0.223 percent from the previous day, reaching 3.462 percent, marking the largest decline since Nov. 10 last year. The 2-year Treasury yield closed at 3.891 percent, down by 0.354 percentage points from the previous day.
The preference for safe-haven assets is causing bond prices to rise and yields to fall, while the stock markets are experiencing volatility.