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Gold hit $5,000/oz, boosting UK stocks and weakening the dollar amid global uncertainty.
Gold surged past $5,000 an ounce, driving gains in London’s mining stocks and lifting the FTSE 100 0.1% to 10,155.10, amid a weakening U.S. dollar, a stronger pound, and speculation of coordinated foreign exchange intervention.
The dollar fell to a four-month low, boosting sterling to $1.3670 and pushing the yen to JPY153.73.
U.S. markets were mixed ahead of major tech earnings, while Treasury yields dipped.
Gold’s rally was fueled by safe-haven demand due to global uncertainty and political tensions.
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El oro alcanzó los $5,000/oz, impulsando las acciones del Reino Unido y debilitando el dólar en medio de la incertidumbre global.