Gold Declines as Traders Assess Banking Crisis, Fed Rate Path
- Credit Suisse takeover to wipe out riskiest bondholders
- Bullion can keep rising as uncertainty persists: Macquarie
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Gold slipped after earlier rising above $2,000 an ounce for the first time in a year as a deal to buy Credit Suisse Group AG failed to fully ease fears over the global banking sector.
The haven earlier rose as much as 1% despite regulators worldwide rushing to shore up market confidence over the weekend. The ongoing banking woes are also spurring bets that central banks may embark on a slower pace of monetary tightening.