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Spot gold has risen above $5,020 per ounce, reaching a new high amid ongoing market volatility. Investors are closely watching the precious metal as a safe haven asset, with prices driven by economic uncertainties and inflation concerns. The recent surge reflects increased demand from both institutional and retail investors seeking stability in turbulent times. Market analysts suggest that gold could continue its upward trend if geopolitical tensions persist and inflationary pressures remain elevated.
Spot gold rises above $5020 per ounce, up 0.34% intraday.