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Gold Surges Past $4,000 as Investors Seek Safe Haven Amid Economic Uncertainty
Gold Surges Past $4,000 as Investors Seek Safe Haven Amid Economic Uncertainty
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BTCCSquare news:
Gold prices have shattered records, breaching the $4,000 per ounce mark for the first time as investors flock to the precious metal amid escalating geopolitical tensions and economic instability. The spot price reached $4,044 in early trading, fueled by trade wars, interest rate cuts, and global market volatility.
Analysts suggest Gold is also acting as a hedge against potential turbulence in the AI-driven tech sector. A MIT report indicates 95% of businesses using AI have yet to see returns, while Oracle's disappointing cloud margins triggered sector-wide jitters. "The slow payoff from AI investments may unsettle markets," observers note.
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