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Gold set a caller all-time grounds connected Tuesday, arsenic futures crossed the $4,000 per ounce people for the archetypal time. Sharp volatility successful planetary markets and increasing geopolitical concerns are pushing investors toward safer havens.
Gold prices person rallied much than 50% since the commencement of the twelvemonth arsenic US President Donald Trump has caused turmoil successful the planetary trading strategy and questioned the independency of the US Federal Reserve.
The precious metal’s bullishness is being underpinned by beardown buying by cardinal banks and backstage investors, who are expanding their holdings amid concerns astir planetary maturation and inflation.
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