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Gold Surges to $3,719 with 42% Annual Gain as Silver Mirrors Performance
Gold Surges to $3,719 with 42% Annual Gain as Silver Mirrors Performance
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BTCCSquare news:
Gold prices continue their upward trajectory, with the XAU/USD index reaching $3,719—a 0.92% daily gain and 42% annual return. Silver follows closely, posting 40% yearly gains as both metals attract sustained bullish sentiment.
Central banks and institutional investors have aggressively accumulated Gold for three consecutive years, creating relentless demand that suppresses price dips. The metal now outperforms US equities by a significant margin, fueled by its dual role as an inflation hedge and dollar alternative.
Analysts see further upside, with projections of $4,000 gold by 2026. The rally reflects a broader shift away from dollar dependence, with monetary institutions allocating billions to precious metals reserves.
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