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Gold prices climbed toward record highs Monday as tensions between Israel and Iran drove investors to safe havens. Prices rose 0.6% in early Asian trading, topping $3,450 an ounce—just $50 shy of April's peak. Geopolitical risks added fuel to the rally, already fueled by Trump's aggressive tariffs threatening global growth. Gold's 30% surge since 2025 also got a boost as central banks diversified away from the dollar.
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