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Gold is a Safe Haven Asset

Gold is a Safe Haven Asset

Gold is a Safe Haven Asset

On Friday, global equity markets rose, with European stocks setting new highs on the back of good profits, while the dollar fell but still registered its greatest weekly gain since late August.

Gold surged to its highest week in six months, extending a seven-session winning streak. The rally has been fuelled by rising consumer prices in the United States, which have increased gold’s appeal as an inflation hedge and alarmed bond investors.

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