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US tariffs fuel value of gold

Daily Record

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October 09, 2025

INVESTORS FLOCK TO BUY ‘SAFE’ ASSET

A GOLD rush hit a new all-time high yesterday amid global economic and political jitters.

The precious metal raced above $4000 (£2982) an ounce for the first time, and shows no sign of slowing.

Investors have flocked to buy gold as it is seen as a safe-haven asset in troubled times.

Prices have been sent soaring in recent months, fuelled by US President Donald Trump’ trade tariff war which kicked off in April.

WEITERE GESCHICHTEN VON Daily Record

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