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Gold Prices Reach New Record High Amid Escalating U.S.-China Trade Tensions
- Gold prices reached a new record high, reaching $3,171.49 per ounce.
- The surge in gold prices was driven by escalating U.S.-China trade tensions.
- Major U.S. stock indices experienced notable declines due to tariff announcements.
- Analysts attribute gold's rally to tariff tensions, slowing economic growth, impending inflation, and heightened geopolitical risks.
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