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Gold Surges Past $3,000 as Economic Uncertainty Drives Demand

The historic price milestone reflects global investor concerns over geopolitical tensions and economic instability.

  • The price of gold has exceeded $3,000 per ounce for the first time, marking a historic high for the precious metal.
  • Analysts attribute the surge to heightened geopolitical tensions and economic uncertainties, which have led investors to seek safe-haven assets.
  • U.S. trade policies, particularly under President Donald Trump, are cited as a significant driver of market instability fueling gold's appeal.
  • Central banks, particularly in emerging markets, have increased gold purchases in response to fears of financial sanctions and global trade disruptions.
  • Experts predict that while gold demand remains strong, factors like weak jewelry demand and potential profit-taking could temper further price increases later in the year.
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