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Gold Market Update: Record High Prices and Bullish Momentum

Gold prices surged to record highs, with spot gold topping $3,890/ounce and US-listed shares of precious metal miners rallying. Despite short-term volatility and dramatic price swings, gold demonstrated resilience and closed higher, maintaining a bullish momentum. Key players like Anglogold Ashanti, Harmony Gold, Coeur Mining, Gold Fields, Barrick Mining, and Newmont Mining experienced notable gains. Analysts remain optimistic about the future outlook of the gold market.

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    • The0The0
      ·10-01
      Gold has surged to record levels, driven by a mix of economic and geopolitical factors, and main the US government shutdown that took place on 1st October. Further to that, persistent global uncertainty, slowing growth in major economies, and elevated government debt have fueled demand for safe-haven assets. Central banks, especially in emerging markets, continue to increase gold reserves as a hedge against currency volatility and geopolitical risks. Meanwhile, a weakening dollar further boosts gold’s appeal. With supply growth limited, the combination of strong central bank buying and investor demand is pushing prices to new records. Afterall with a weakening US Dollar and uncertain geopolitical situations, it may be wise to take up a small exposure into Gold as a form of recessionary hed
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    • The0The0
      ·10-01
      Gold has surged to record levels, driven by a mix of economic and geopolitical factors, and main the US government shutdown that took place on 1st October. Further to that, persistent global uncertainty, slowing growth in major economies, and elevated government debt have fueled demand for safe-haven assets. Central banks, especially in emerging markets, continue to increase gold reserves as a hedge against currency volatility and geopolitical risks. Meanwhile, a weakening dollar further boosts gold’s appeal. With supply growth limited, the combination of strong central bank buying and investor demand is pushing prices to new records. Afterall with a weakening US Dollar and uncertain geopolitical situations, it may be wise to take up a small exposure into Gold as a form of recessionary hed
      看702回复Comment
      点赞3
      编组 21备份 2Share
      Report
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