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Gold price jumps past $2,000

Gold surged above $2,000 an ounce for the first time since May as concerns over conflict in the Middle East outweigh the impact of the recent jump in bond yields. Spot gold rose as much as 1.2% after Israel’s military said it was “expanding ground activity” in Gaza, putting the metal on course for the biggest…

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Gold price comes close to breaking $2,000 as Middle East tensions escalate

Gold is currently trading close to its record high, at $1,985/oz, having risen steadily since the start of the Israel-Hamas war on 7 October. The traditional real asset inflation-hedge remains a favoured investment in times of geopolitical volatility — as it can act to preserve purchasing power through inflationary periods and also hedge against falling equities. For…

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