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June 12, 2025

Gold Prices Hit Weekly Highs Amid Global Turmoil and Weakening USD

Gold prices (XAU/USD) have drawn increased attention, attracting further buyers for the second consecutive day as they climb to a one-week high around $3,377-3,378 in Thursdayโ€™s Asian session. Recent threats of tariffs from US President Donald Trump have overshadowed news of a potentially positive development in US-China trade negotiations. The flight to safety amid uncertainties is driving investors towards gold, highlighting its appeal during periods of economic volatility. Gold continues to play a critical role as a safe-haven asset. Keeping an eye on market trends today is crucial for strategic positioning in your investment portfolio.

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