{"id":80953,"date":"2023-03-20T16:39:37","date_gmt":"2023-03-20T16:39:37","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows"},"modified":"2023-03-20T17:37:44","modified_gmt":"2023-03-20T17:37:44","slug":"gold-rises-to-1-year-high-as-demand-for-safe-assets-grows","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows","title":{"rendered":"Gold rises to 1-year high as demand for safe assets grows"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>The price of gold surpassed $2,000 on Monday, hitting its highest level in a year as risk sentiment in global financial markets increased amid a potential banking crisis.<\/p>\n

Gold price climbed to as high as $2,014.90 per ounce earlier, reaching its highest level since March 10, 2022, according to official figures.<\/p>\n

Investors have been rushing to safe haven assets such as gold due to concerns over the spillover effect of the banking crisis.<\/p>\n

“The US Federal Reserve is expected not to deliver an aggressive rate hike amid these developments and gold is benefiting from falling rates,” Enver Erkan, the chief economist at Dinamik Yatirim, told Anadolu.<\/p>\n

“We should also consider the market stress. Safe instruments have been re-evaluated. Risk aversion is also positive for gold,” Erkan said.<\/p>\n

Swiss banking giant UBS on Sunday announced the takeover of troubled lender Credit Suisse for around 3 billion Swiss francs ($3.25 billion) with the backing of Swiss authorities. However, the deal wiped out 16 billion francs ($17.3 billion) in Credit Suisse AT1 bonds.<\/p>\n

Therefore, major central banks are putting efforts to boost dollar liquidity through swap arrangements.<\/p>\n

For More News And Analysis About Tanzania<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. The price of gold surpassed $2,000 on Monday, hitting its highest level in a year as risk sentiment in global financial markets increased amid a potential banking crisis. Gold price climbed to as high as $2,014.90 per ounce earlier, reaching its highest level since March 10, 2022, according to official figures. Investors […]<\/p>\n","protected":false},"author":84,"featured_media":80952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6990,6991,9057,711],"class_list":["post-80953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press-2","tag-africa-press-tanzania","tag-gold-price","tag-tanzania"],"yoast_head":"\nGold rises to 1-year high as demand for safe assets grows - Tanzania<\/title>\n<meta name=\"description\" content=\"The price of gold surpassed $2,000 on Monday, hitting its highest level in a year as risk sentiment in global financial ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold rises to 1-year high as demand for safe assets grows\" \/>\n<meta property=\"og:description\" content=\"The price of gold surpassed $2,000 on Monday, hitting its highest level in a year as risk sentiment in global financial ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-20T16:39:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-20T17:37:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/03\/postQueueImg_1679317786.74.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gold rises to 1-year high as demand for safe assets grows\",\"datePublished\":\"2023-03-20T16:39:37+00:00\",\"dateModified\":\"2023-03-20T17:37:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows\"},\"wordCount\":199,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/03\/postQueueImg_1679317786.74.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"gold price\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows\",\"name\":\"Gold rises to 1-year high as demand for safe assets grows - Tanzania\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/03\/postQueueImg_1679317786.74.jpg\",\"datePublished\":\"2023-03-20T16:39:37+00:00\",\"dateModified\":\"2023-03-20T17:37:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The price of gold surpassed $2,000 on Monday, hitting its highest level in a year as risk sentiment in global financial ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/03\/postQueueImg_1679317786.74.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/03\/postQueueImg_1679317786.74.jpg\",\"width\":864,\"height\":486,\"caption\":\"Gold rises to 1-year high as demand for safe assets grows\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/tanzania\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold rises to 1-year high as demand for safe assets grows\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/\",\"name\":\"Tanzania\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gold rises to 1-year high as demand for safe assets grows - Tanzania","description":"The price of gold surpassed $2,000 on Monday, hitting its highest level in a year as risk sentiment in global financial ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows","og_locale":"en_US","og_type":"article","og_title":"Gold rises to 1-year high as demand for safe assets grows","og_description":"The price of gold surpassed $2,000 on Monday, hitting its highest level in a year as risk sentiment in global financial ...","og_url":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows","og_site_name":"Tanzania","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-03-20T16:39:37+00:00","article_modified_time":"2023-03-20T17:37:44+00:00","og_image":[{"width":864,"height":486,"url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/03\/postQueueImg_1679317786.74.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Gold rises to 1-year high as demand for safe assets grows","datePublished":"2023-03-20T16:39:37+00:00","dateModified":"2023-03-20T17:37:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows"},"wordCount":199,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/03\/postQueueImg_1679317786.74.jpg","keywords":["Africa Press","Africa Press-Tanzania","gold price","tanzania"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows","url":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows","name":"Gold rises to 1-year high as demand for safe assets grows - Tanzania","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/03\/postQueueImg_1679317786.74.jpg","datePublished":"2023-03-20T16:39:37+00:00","dateModified":"2023-03-20T17:37:44+00:00","author":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The price of gold surpassed $2,000 on Monday, hitting its highest level in a year as risk sentiment in global financial ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#primaryimage","url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/03\/postQueueImg_1679317786.74.jpg","contentUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/03\/postQueueImg_1679317786.74.jpg","width":864,"height":486,"caption":"Gold rises to 1-year high as demand for safe assets grows"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/gold-rises-to-1-year-high-as-demand-for-safe-assets-grows#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/tanzania\/"},{"@type":"ListItem","position":2,"name":"Gold rises to 1-year high as demand for safe assets grows"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/tanzania\/#website","url":"https:\/\/www.africa-press.net\/tanzania\/","name":"Tanzania","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/80953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/comments?post=80953"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/80953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media\/80952"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media?parent=80953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/categories?post=80953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/tags?post=80953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}