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Gold Reaches Record $3,000 Per Ounce as Economic Uncertainty Grows

  • Gold prices have surpassed $3,000 per ounce, a record high, driven by economic uncertainty and increased investor interest in gold as a safe haven asset.
  • John Ing, president and CEO of Maison Placements Canada, stated that gold's role as a safe haven asset has led it to outperform all markets.
  • China and central banks have significantly increased their gold purchases, causing scarcity that drives up prices, as noted by Ing.
  • Ing anticipates that gold prices will continue rising until there is economic certainty, suggesting that the current bull market has just begun.
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CNBC broke the news in United States on Thursday, March 13, 2025.
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