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Gold climbs to new record high as wars and inflation fears drive haven demand
Gold prices surged to a fresh record high on Tuesday, buoyed by deepening geopolitical tensions, growing expectations of further US interest rate cuts, and mounting concerns that financial markets have risen too far, too fast. At the time of writing, gold futures had gained 0.3%, reaching $3,787.80 per ounce, while the spot price rose 1% to $3,750.45 per troy ounce, after briefly hitting a new record of $3,759 earlier in the session. The precious metal has benefited from its traditional status as a haven asset during times of uncertainty, and investors face no shortage of reasons for caution. Ongoing conflicts in ... (full story)
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