Investing.com — Gold prices stuck to a near six-week high on Tuesday as concerns over a U.S. banking crisis saw investors scramble for traditional safe havens, with focus now turning to upcoming inflation data for more cues on monetary policy.

Prices of the yellow metal rallied over $100 in the past five days as the shutdown of three U.S. banks, most notably Silicon Valley Bank – underscored the growing cracks in the U.S. economy caused by a sharp rise in interest rates over the past year.

Spot gold was flat at $1,913.76 an ounce, while gold futures rose 0.1% to $1,918.75 an ounce by 20:54 ET (00:54 GMT). Both instruments were trading close to their highest levels for the year.