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Gold Prices Surge to Highest Point Since June Amid Weaker Dollar and Easing Inflation Concerns

Guavy AI Editorial Team
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USD
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Gold prices surged to their highest point since June 18th in the US market, reaching $4,285.84 per ounce amid a weaker US dollar and easing inflation concerns.

The demand for safe-haven investments rose as investors turned to gold as a hedge against potential economic uncertainty.

US gold futures climbed by 0.9% to $4,345.80 per ounce, while silver prices fell by 0.4% to $61.84 per ounce.

The spot gold price marked its fourth consecutive daily gain, with investors remaining optimistic as they monitor the Federal Reserve's policy outlook and Treasury yields.

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