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Gold Gains: Economic Fears Drive Prices Higher

06 Aug, 2025

Gold is on a winning streak, experiencing its longest gains since February, driven by worries of a US economic slowdown and increasing demand for safe investments. With prices steady at around $3,383 per ounce, gold has risen nearly 30% this year, reflecting investor caution amid trade tensions and a shaky labor market. Analysts predict a 90% chance that the Federal Reserve will lower interest rates at its upcoming meeting, which would further support gold prices. Despite recent gains, gold remains below its all-time high, indicating a cautious market outlook.

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