Understanding the Market | Gold stocks opened higher collectively, spot gold once touched USD 4,380, institutions expect gold prices to continue to reach new highs
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Gold stocks opened higher collectively, with China Silver Group rising 5.88%, Zijin Mining rising 5.39%, and SD GOLD rising 4.97%. Spot gold once touched a historical high of $4,380 per ounce, with the current price at $4,335.08 per ounce. This year, the international gold price has increased by 60%. Concerns about credit quality and geopolitical tensions are driving safe-haven demand, and gold prices are expected to continue to reach new highs
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