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Euronews
Euronews
Una Hajdari

Gold surges to record high as central banks turn from dollar to bullion

Gold US Federal Reserve United States Donald Trump

Gold jumped to a record $3,508.50 (€3,015.08) an ounce on Tuesday, fuelled by expectations of a US Federal Reserve rate cut and mounting uncertainty for investors.

The precious metal is seen as a haven for investors, with demand for it surging when trust in the stability of paper currencies or financial markets dips.

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