Gold surges to record high as central banks turn from dollar to bullion

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Gold jumped to a record $3,508.50 (€3,015.08) an ounce on Tuesday, fuelled by expectations of a US Federal Reserve rate cut and mounting uncertainty for investors.

The precious metal is seen as a haven for investors, with demand for it surging when trust in the stability of paper currencies or financial markets dips.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.