PRECIOUS-Gold rushes to record high above $5,000/oz
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Gold has reached a record high of over $5,000 per ounce, driven by increased demand for safe-haven assets amid geopolitical tensions, particularly between the U.S. and NATO regarding Greenland. The price surged 64% in 2025, supported by U.S. monetary policy easing and significant central bank purchases, especially from China. Analyst Ross Norman predicts gold could peak at $6,400 this year, with an average price of $5,375.
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