Gold Prices Rise as USD Weakens Amid Trade War Concerns
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Gold prices have surged as the US dollar experiences a decline, driven by escalating trade tensions and increased demand for safe-haven assets. Investors are flocking to gold amid uncertainties surrounding global trade relations, reinforcing its status as a reliable store of value during economic instability. The weakening USD has further bolstered gold's appeal, as the precious metal becomes more affordable for holders of other currencies. Analysts suggest that this trend may continue if trade disputes persist, keeping market sentiment cautious. Meanwhile, central banks' monetary policies and geopolitical developments remain key factors to watch in the coming weeks.
