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Gold blazes trail beyond $4,700/oz to record high as safety rush fuels demand
Gold surged past the $4,700 an ounce mark for the first time on Tuesday, and silver hovered just below a fresh record high, as global tensions sparked yet another rush to safety. Spot gold gained 1.3% to $4,727.99 per ounce by 0910 GMT, having hit an all-time high of $4,731.34, while silver rose 0.7% to $95.34 an ounce, after hitting a record high of $95.488 earlier in the session. U.S. gold futures for February delivery climbed 3% to $4,734.10 per ounce. U.S. President Donald Trump threatened to impose increasing tariffs from February 1 on eight European countries until the U.S. is allowed to buy ... (full story)
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