Gold Prices Surge After Federal Reserve Meeting and Treasury Yield Pullback.

Precious metals, particularly gold and silver, have outperformed all asset classes following the March FOMC policy meeting, as investor uncertainties about future economic prospects grow. The iShares Silver Trust ETF and the iShares Gold Trust ETF have been popular safe havens since the collapse of U.S. banks and are now continuing to extend their gains. Meanwhile, Bitcoin and stocks sank as risk sentiment deteriorated. The Federal Reserve increased interest rates by a quarter of a percentage point to 4.75%-5% at its March meeting, citing that some further increases may be appropriate.