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Gold Hits $3,500 as Trump's Attacks on Powell Unnerve Markets

1. Gold reached $3,500 per ounce amid market unrest from Trump's comments. 2. Investors are fleeing to safe-haven assets like gold due to market uncertainty. 3. Gold futures also hit record highs as U.S. dollar weakens. 4. Chinese buying could further support gold prices, according to UBS. 5. Gold has exceeded Wall Street's 12-month targets, indicating strong bullish momentum.

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FAQ

Why Very Bullish?

Gold's increase to $3,500 reflects significant market instability and strong demand.

How important is it?

The article impacts AAAU significantly, correlating with gold prices and trends in investor behavior.

Why Short Term?

Immediate market conditions suggest volatility in gold prices driven by investor sentiment.

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