Significant Surge in Gold as U.S. Regional Banks Face Rising Non-Performing Loans, Fears of a 2023 Bank Failure Crisis Loom

ABC reported on the 18th that U.S. regional banks have written off non-performing loans to commercial clients over the past two weeks, spreading concerns about their solvency on Wall Street. Investors are on alert for more negative news, and as a result, gold prices have surged 7.34% this week.

Zions Bank, Western Alliance Bank, and the investment bank Jefferies have disclosed off-balance sheet bad investments, leading to a sharp decline in their stock prices. On Tuesday, Jamie Dimon, CEO of JPMorgan Chase, warned that 'if you see one cockroach, there are likely more,' indicating that banks with potential non-performing loans could face further issues.

Investors are monitoring banks...