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Gold Futures Hit Fresh Record on Safe-Haven Demand
Gold futures rise to a new record on fresh safe-haven demand.
Futures rose 1.3% at $2,926.0 a troy ounce, having reached $2,927.0 earlier in the session.
The precious metal is already up more than 10% year-to-date, hitting consecutive records along the way, ING analysts said in a note. U.S. tariff concerns–which risk higher inflation and slower economic growth–are spurring demand for safe-haven assets like gold.
