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February 11, 2025

Gold Price Targets $3,000/Oz as Demand for Safety Rises

Market uncertainty heightened as President Trump announced blanket tariffs of 25% on steel and aluminum imports to the US. This situation has led to a wave of safe-haven flows into gold, resulting in significant upward momentum. As the trading week begins, all eyes are on the price action of gold (XAU/USD), with forecasts suggesting the possibility of reaching the $3,000/oz mark. Investors keen on gold should remain informed on global financial health indicators that could sway market dynamics as the weeks progress.

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