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Gold prices climbed toward record highs Monday. Tensions between Israel and Iran drove investors to safe havens. Prices rose 0.6% in early Asian trading, hitting over $3,450/oz. Just $50 shy of April's peak. Geopolitical risks added fuel to the rally. Trump's aggressive tariffs and global growth fears also boosted gold. Central banks diversifying from the dollar pushed prices up 30% since 2025.
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