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Gold price hits fresh record on weaker dollar backdrop
Gold climbs to a record high as a softening dollar and market volatility boost demand for the safe-haven metal.
Gold surged to an unprecedented high as the US dollar weakened sharply, driven by geopolitical tensions and investor demand for safe-haven assets. The metal has climbed over 20% this year as traders rotate away from riskier assets and seek protection against currency volatility. Persistent uncertainties in global markets and expectations of sustained macroeconomic pressures have bolstered bullion’s appeal for diversified portfolios.