The question remains: Will gold bulls finally have enough strength and momentum behind them to maintain the price above the psychologically significant $2k handle, or will the usual suspects step in to smash it back down?
-NW

Gold price jumps $40 to trade above $2k as Jamie Dimon warns the banking crisis is not over
Anna Golubova
Kitco News
Tuesday April 04, 2023

[snip]

(Kitco News) The gold market surged Tuesday as the U.S. dollar weakened and investors digested the latest headlines that the banking crisis is not over.

In a letter to shareholders, JPMorgan Chase CEO Jamie Dimon said that the banking sector is still in turmoil and the damage from the crisis will linger for a long time.

"The current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come," Dimon wrote in a 43-page annual message.

After the failure of Silicon Valley Bank and the UBS' rescue of Credit Suisse last month, recession odds are growing, he said.

"And while this is nothing like 2008, it is not clear when this current crisis will end. It has provoked lots of jitters in the market and will clearly cause some tightening of financial conditions as banks and other lenders become more conservative," Dimon said.