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<Commodity>Gold Price Hits New Peak at USD4,888 amid Surging Risk-off Sentiment
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US President Donald Trump reached a framework with NATO regarding Greenland and would not impose tariffs on European countries that were set to take effect next month. However, geopolitical tensions continued to drive safe-haven demand, with gold prices repeatedly hitting new peaks, surpassing USD4,800 per ounce for the first time on Wednesday. Spot gold notched a historic high, peaking at USD4,888, and last rose by USD68 or 1.4% to USD4,831 per ounce. Gold futures for February delivery set a new high, peaking at USD4,891 per ounce, closing up USD71.7 or 1.5% to USD4,837.5 per ounce. AASTOCKS Financial News Website: www.aastocks.com |
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