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Gold’s Historic Streak: 8 Weeks Up, 4 Weeks of Records

Goldfutures continue their remarkable winning streak, marking their eighth consecutive week of rising prices. During this run, gold has broken its all-time high record four weeks in a row, reaching levels never seen before.

According to analyst Bob Iaccino, two main factors are driving this historic rally: a weaker U.S. dollar, which typically boosts gold prices, and increased safe-haven buying as investors look to protect their wealth from market risks. This is gold’s strongest performance since August 2020, highlighting growing investor confidence in the precious metal as a safe store of value.

Original Source: CME Group

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