Gold rises on worry over failure of U.S. banks

CHICAGO, March 13 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday amid worry over failure of several U.S. banks.

The most active gold contract for April delivery rose 49.30 U.S. dollars, or 2.64 percent, to close at 1,916.50 dollars per ounce.

Banking stocks dropped from the fallout of the Silicon Valley Bank failure. At least 20 regional banks had their t