On Tuesday, the SPDR Gold Shares ETF (GLD) settled at $187.55, up $3.58 or +1.95%. Bullion is recognized as a safeguard against inflation and financial instability, but an increase in interest rates typically diminishes the appeal of zero-yielding assets. If uncertainties regarding the banking crisis and fears of a possible U.S. debt default persist, the value of the dollar is likely to diminish, leading to increased attention on gold.