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📌One-Sentence Summary
Amid growing economic uncertainty caused by President Trump's tariff war, investors flocked to gold as a safe-haven asset, pushing gold futures to a record high of $3,005 per troy ounce (approximately 31.1g) for the first time.
📌Background
As U.S. tariff policies and stock market volatility increase, investors are seeking ways to hedge against economic uncertainty. Additionally, rising central bank gold purchases, expectations of Federal Reserve rate cuts, and inflation concerns have further fueled the surge in gold prices.
📌Potential Impact
With gold prices hitting an all-time high, investor preference for safe-haven assets is expected to strengthen. Moreover, if uncertainty in U.S. economic policy continues, gold prices could rise further, and central banks are likely to continue expanding their gold reserves.
💭Gold really is the best, huh...?🤔
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