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Monday, December 23, 2024

Gold (XAU) Hits Fresh Record High as US Data, Election Race Fan Demand


Gold rose to a record Wednesday on haven demand before the US election, and held a narrow gain after jobs and GDP data showed the ongoing resilience of the US economy.

Bullion climbed as high as $2,789.86 an ounce, topping the previous record posted on Tuesday, and was 0.2% higher after US jobs data beat expectations, while GDP figures showed robust growth in the economy over the third quarter.



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