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News in English (USA) / 18.10.2024 / 09:00

Gold Prices Surge to Record Highs Amid Global Uncertainty and Economic Concerns

Gold has recently reached new all-time highs, surpassing the $2,700 per ounce mark, driven by increasing demand for safe-haven assets amid uncertainties surrounding US elections and expectations of policy easing. Factors such as Mideast tensions, robust US economic data, and speculation about Federal Reserve rate cuts have also contributed to the bullish sentiment in the gold market. Analysts suggest that gold prices may continue their upward trajectory, with some projecting potential increases beyond $2,900 in the coming months, reflecting ongoing investor anxiety and geopolitical developments.
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