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Gold prices surpass 4400 dollars…reach record high

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Suehyeon Lee
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  • It reported that gold prices surpassed 4400 dollars per ounce and recorded a record high.
  • It said that U.S. Treasury yield volatility, geopolitical uncertainty, and cautious sentiment about the monetary policy path promoted flows into gold.
  • It said that the U.S. Federal Reserve's liquidity provision and a slowdown in dollar strength are supporting the rise in gold prices, and there is expectation of further increases if real interest rates fall.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Photo=Shutterstock
Photo=Shutterstock

Gold prices have once again reached a record high. As preference for safe-haven assets has strengthened in global financial markets, gold prices have exceeded the 4400 dollar level.

On the 22nd (local time), according to WatcherGuru, spot gold prices exceeded 4400 dollars per ounce, marking an all-time high. It is assessed that recent U.S. Treasury yield volatility, geopolitical uncertainty, and cautious sentiment about the monetary policy path have coincided to continue flows into gold.

In particular, analysis suggests that the U.S. Federal Reserve's liquidity provision stance and signs of a slowdown in dollar strength are supporting the rise in gold prices. There is also a view that if real interest rates fall further, a favorable environment for gold prices could persist.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.

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