Still, bullion has gained nearly $100 since the collapse of Silicon Valley Bank

Bank expects the copper price to hit $10,500 in the near term.

The Australian Securities and Investments Commission found that Kurt Schlosser purchased shares in Piedmont after being informed of details of a five-year spodumene concentrate supply agreement.

The Jerritt Canyon operation was expected to produce between 119,000-133,000 oz. of gold this year.

It’s not clear whether the bags ever contained nickel, and whether the issue is a result of error, theft or fraud.

"Gold's volatility reflects that the market is digesting the recent shotgun wedding between Credit Suisse and UBS and the possible contagion."

Other carmakers including BMW, Toyota and GM also have sought to reduce reliance on rare earths.

Traders will watch how the Swiss franc reacts to the flurry of weekend activity that saw rival UBS Group AG agreeing to buy Credit Suisse.