Gold prices continued their upward trend for the fourth consecutive day, driven by increased safe-haven demand amid disappointing tech earnings and ongoing geopolitical tensions. Spot gold rose 0.6% to $2,665.31 per ounce, with bullion up 4% for the week. Analysts attribute the surge more to falling stock markets following Nvidia’s underwhelming forecast than to the Ukraine-Russia conflict.
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Gold Shines as Tech Stocks Stumble: Four-Day Rally Continues
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