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Gold Vaults Past $3,800/oz to Record High
Gold surged past $3,800 per ounce for the first time, driven by expectations of U.S. rate cuts and a weaker dollar. Investor demand for safe-haven assets intensified, pushing spot gold up 1.1% and further fueling momentum. The rally highlights the metal’s appeal amid macro uncertainty and signals a shift in risk sentiment across global markets.
Tags:
- gold
- record high
Reuters• By Sneha Pathak
Explore:Mutual Fund Tools
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Gold Vaults Past $3,800/oz to Record High
Gold surged past $3,800 per ounce for the first time, driven by expectations of U.S. rate cuts and a weaker dollar. Investor demand for safe-haven assets intensified, pushing spot gold up 1.1% and further fueling momentum. The rally highlights the metal’s appeal amid macro uncertainty and signals a shift in risk sentiment across global markets.
Tags:
- gold
- record high
Reuters• By Sneha Pathak
Explore:Mutual Fund Tools
1 min read
55 words
Gold breaks $3,800/oz as rate cuts and dollar weakness stoke demand.
Gold surged past $3,800 per ounce for the first time, driven by expectations of U.S. rate cuts and a weaker dollar. Investor demand for safe-haven assets intensified, pushing spot gold up 1.1% and further fueling momentum. The rally highlights the metal’s appeal amid macro uncertainty and signals a shift in risk sentiment across global markets.
Gold surged past $3,800 per ounce for the first time, driven by expectations of U.S. rate cuts and a weaker dollar. Investor demand for safe-haven assets intensified, pushing spot gold up 1.1% and further fueling momentum. The rally highlights the metal’s appeal amid macro uncertainty and signals a shift in risk sentiment across global markets.
Tags:
- gold
- record high
- gold
- record high
- safe haven
- rate cuts