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Gold hits $3,333.67/oz as tariffs and economic uncertainties boost demand for safe assets.
Gold prices have seen a recent rise, climbing to $3,333.67 per ounce, due to increased demand for safe-haven assets amid US President Trump's announcement of new tariffs on Canada and broader tariff threats.
This uncertainty, coupled with the strength of the US dollar, typically dampens gold prices.
However, the report by Emkay Wealth Management suggests that gold prices could further increase if the US dollar weakens and interest rates drop, given their inverse relationship.
Technical support for gold is noted at $3,297 and $3,248.
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El oro alcanza los $ 3,333.67/oz a medida que los aranceles y las incertidumbres económicas aumentan la demanda de activos seguros.