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Gold prices climbed toward record highs Monday. Tensions between Israel and Iran drove investors to safe-haven assets. Prices rose 0.6% in early Asian trading, hitting over $3,450/oz. They're now $50 shy of April's all-time peak. Geopolitical risks added fuel to the rally. Trump's aggressive tariffs also threatened global growth, boosting gold. Central banks diversifying away from the dollar helped too. Gold has surged over 30% in 2025.
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