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Gold Breaks the $5,000 Barrier as Global Uncertainty Fuels Historic Rally

OilPrice · Charles Kennedy · last updated
Gold prices continued to rally in early Asian trading on Monday, with bullion breaking through the $5,000 per troy ounce threshold for the first time in history. At the time of writing, the price of gold had reached $5,078.70 per ounce, driven by heightened geopolitical tensions and growing investor demand for safe-haven assets amid fiscal concerns in major economies. The rally represents one of the most significant advances in the metal’s long-term trading history, extending gains that have already pushed prices more than 17% higher year-to-date.…