Global equities fall, gold rallies as banking worries linger

Published by
Reuters UK

By Chris Prentice and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -Investor sentiment remained fragile on Friday, leaving major Wall Street and European stock indexes weaker and gold prices at their highest since April and on track for bullion’s largest one-week rally in four months. U.S. Treasury yields extended a slide after data showed March U.S. consumer sentiment fell for the first time in four months. In a crisis that began with the collapse of U.S.-based Silicon Valley Bank last Friday, investors lost confidence in U.S. regional banks and Credit Suisse in Europe. Risk appetite waned on…

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