FXEmpire.com - Key Takeaways Gold surged over 2% on Friday amidst banking crises and expectations of a less aggressive Fed approach against inflation. Gold Prices Rise Amid Banking Concerns and Fed Rate Hike Pause Expectations Gold prices are on the rise due to concerns about potential bad banking news over the weekend, along with expectations that the Federal Reserve may pause its rate hikes next week. This decision is expected to affect thegold market as higher interest rates typically make gold a less attractive investment option.