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Shanghai Gold Hits Record High Amid U.S. Regional Bank Stock Selloff

A drop in U.S. regional bank shares spurred risk aversion, driving investors into safe-haven assets and pushing Shanghai gold above ¥1,000.

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Terms & Concepts
  • Safe-haven asset: An investment expected to retain or increase in value during market turbulence, such as gold or government bonds.
  • Shanghai gold: Gold traded on the Shanghai Gold Exchange, reflecting domestic Chinese pricing and market sentiment.