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Gold prices rose as the US dollar weakened and fears of global trade wars boosted its safe-haven appeal.
Gold prices fluctuated last week, dropping over 3% as the US dollar strengthened due to trade policy uncertainties and recession fears.
Despite these drops, gold prices rose on Monday as the US dollar weakened and concerns grew over potential global trade wars due to President Trump's tariff threats, boosting gold's appeal as a safe-haven asset.
The Federal Reserve is also expected to lower interest rates, with a 70-basis point cut predicted for 2023.
2 months ago
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