Gold Reaches Historic Peak At $3,245
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As macroeconomic tensions mount, gold continues to break records, reaching a new peak at $3,245. Driven by the decline of the dollar and rising bond yields, the precious metal confirms its role as a safe haven. An analysis of a bullish trend that seems far from over. The surge of 9.76% since the weekly low comes as U.S. Treasury yields explode from 4% to 4.5%, and the dollar weakens. The market is clearly seeking havens, and gold is the primary beneficiary.
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