Gold erased early losses and jumped to $2,000 per ounce on Monday, the highest in one year and extending last week&rsquo s 6.5% gain as investors fled to safe-haven assets upon further reassessment of the UBS takeover of Credit Suisse and emergency responses by major central banks. While the takeover initially sparked risk-on sentiment, shares for both banks plummeted after the deal wiped out $17.3 billion in Credit Suisse AT1 bonds, spurring concerns about risks to other banks worldwide. Consequently, major central banks coordinated a joint effort to increase dollar liquidity through swap arrangements, aiming to limit the consequences of the current strain in the global financial system. Meanwhile, investors brace for the Federal Reserve&rsquo s monetary policy decision this week, with money markets broadly undecided on whether the central bank may hold rates unchanged to keep financial conditions loose for troubled lenders or extend its fight against inflation with further rate hikes.