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Investors Rush to Gold as Market Turmoil Fuels Demand, Prices Near Record Highs
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Gold Demand Surges Amidst Middle East Conflict, Prices Climb
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News18
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03-03-2026, 10:51
Gold Demand Surges Amidst Middle East Conflict, Prices Climb
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Gold prices rose for the fifth consecutive day due to the Middle East conflict, with investors seeking safe-haven assets.
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Bullion prices surged by up to 0.8% to over $5,360 per ounce, increasing over 3% in four sessions.
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Rising energy prices fueled US inflation fears, increasing the likelihood of the Federal Reserve maintaining interest rates.
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Gold's importance as a store of value is growing, with prices up almost a quarter this year due to geopolitical tensions and debasement trade.
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In India, gold and silver prices initially rose due to the conflict but have since slightly decreased, with 24-carat gold at ₹1,70,020 per 10 grams.
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