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February 4, 2025

Gold Price Holds Near Record High; Caution Advised for Investors

During the Asian session on Tuesday, gold prices traded positively around the $2,820 mark, maintaining proximity to the recent all-time high reached. Investors exhibit concern regarding the potential economic consequences from US President Donald Trump’s trade tariffs, continuing to funnel investments into gold as a safe haven for the fourth consecutive day. Given the overbought RSI level, a cautious approach may be necessary for bullish investors looking to capitalize on these trends.

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