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Goldman Sachs: North Korea tensions aren't pushing up gold prices — Trump is
Despite many claims to the contrary, North Korea tensions aren't actually what's driving the rally in gold, Goldman Sachs said in a Tuesday note. Instead, the bank said, uncertainty inspired by President Donald Trump has boosted the yellow metal — but that's set to fade. Spot gold has certainly rallied of late, climbing from levels under $1,212 an ounce in July to as high as $1,342.90 this week, touching its highest levels in around a year, according to Reuters data. Gold, which traditionally acts as a safe-haven play when investors turn nervous, was at $1,338.50 an ounce at 9:41 a.m. HK/SIN on Wednesday. Some of ... (full story)
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