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After hitting an all-time high yesterday, the gold price (PM:XAUUSD) has now broken above $3,000.
Markets continue to be driven downwards by President Trump’s tariffs – not just the tariffs themselves, but also the uncertainty of the continual changes, with policies being announced and then reversed. Yesterday, the major US markets all fell.
The money coming out of equities has to go somewhere – and as it always has been, gold is seen as a safe haven for capital. As a result, the gold price continues to rise.
How far can it go? Time will tell…
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