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International Business Times
International Business Times
Business

Gold Tops $4,000 For First Time As Traders Pile Into Safe Haven

Gold broke above $4,000 for the first time on Wednesday (Credit: AFP)

Gold prices broke $4,000 for the first time Wednesday as investors piled into the safe haven over expectations for US interest rate cuts and worries over the US government shutdown.

The rally in the precious metal also came after concerns that a tech-fuelled rally that has sent some equity markets to record highs may have gone too far, fanning talk of an asset bubble.

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