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Gold Hits New Record Highs as Trump’s Tariffs Bash Stocks

By: Investor Brand Network
February 06, 2025 at 10:05 AM EST
ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Gold prices soared to unprecedented levels on Monday as financial markets reeled from U.S. President Donald Trump’s announcement of new trade tariffs. Investors, fearing economic instability, turned to gold as a safe-haven asset, driving its price above $2,828 per ounce. The rally was not limited to the U.S.—gold also hit all-time highs in euros, Japanese yen, British pounds, and Indian rupees, underscoring the widespread investor flight to safety.

The surge in gold prices was triggered by Trump’s confirmation that…

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NOTE TO INVESTORS: The latest news and updates relating to Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) are available in the company’s newsroom at http://ibn.fm/ELRRF

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