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Safe-haven gold rises 1%, heads for best week in a year

By Yahoo! Finance   |   Nov 22, 2024 at 03:46 AM EST
Safe-haven gold rises 1%, heads for best week in a year

Gold prices surged 1% for the week due to safe-haven demand amid escalating Russia-Ukraine tensions and speculation on U.S. interest rate cuts. Geopolitical unrest and dovish Fed comments boosted gold to $2,696.76 per ounce.

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