GOLD BULLS SET SIGHTS ON PREVIOUSLY DISMISSED RECORD $3,000/OZ MILESTONE

Gold market bulls are locking in bullion prices surging to fresh records, with a milestone of $3,000 per ounce coming into focus, fired up by monetary easing by major central banks and a tight U.S. presidential election race.

Spot gold reached a historic high of $2,572.81 an ounce on Friday and is on track for its strongest annual performance since 2020, with a rise of over 24% driven by safe-haven demand, due to geopolitical and economic uncertainty, and robust central bank buying.

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