Gold price hits record high
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Gold prices rose above $4,000 per troy ounce for the first time Tuesday, as investors rush to invest in safe assets amid financial and geopolitical tumult.
Oct 21 (Reuters) - Citi Research raised its three-month forecast for gold prices, citing possible further U.S. labor market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF buying, it said in a note on Monday. The bank ...
Spot gold prices surged past the $4,000-an-ounce mark for the first time, as mounting concerns over the U.S. economy and a prolonged government shutdown fueled a powerful rally. Bullion rose as much as 0.