Investors looking for stable assets as Gold hits record high in Japan

FILE PHOTO: Gold bullion is displayed at Hatton Garden Metals precious metal dealers in London, Britain July 21, 2015. REUTERS/Neil Hall/File Photo

Ezekiel 7:19 “They shall cast their silver in the streets, and their gold shall become abhorrent; their silver and their gold shall not be able to deliver them in the day of the wrath of the Lord; they shall not satisfy their souls, or fill their stomachs, for their iniquity has become a stumbling block.”

Important Takeaways:

  • Retail price of gold in Japan hits all-time high of $67 per gram
  • The retail price of gold in Japan has hit an all-time high of 9,000 yen ($66.94), according to data released by one of the country’s largest producers and sellers of precious metals, Tanaka Kikinzoku, on Monday.
  • The record price was fixed amid investors’ growing interest in stable assets following the bankruptcy of one of America’s largest banks, Silicon Valley Bank.
  • On March 10, the California Department of Financial Protection announced the bankruptcy of SVB, the 16th-biggest lender in the United States. It served mainly employees in the technological sector and companies financed with venture capital. It became the largest bankruptcy of a US bank since the 2008 financial crisis as estimated by the CNN TV channel.

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