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‘A major psychological milestone’: Gold surges above US$3000, expected to keep running up

Precious metal executives hope price surge will boost investor interest in their sector



Gold surpassed US$3,000 per ounce, a significant milestone expected to boost investor interest in the mining sector. Experts predict larger profits for major gold mining companies and eventual benefits for junior miners. Gold mining ETFs have seen substantial gains. Central bank purchases, geopolitical turbulence, and market volatility are driving the price increase, with gold being viewed as both a monetary and hard asset.

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