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Gold Mints a Fresh Record High Amid Tariff, Inflation Concerns—Watch These Price Levels

1. Gold prices surged past $2,900 amid trade concerns. 2. Potential upside target projected at $3,098 based on technical analysis. 3. Key support levels identified around $2,790, $2,530, and $2,430. 4. Looming trade wars drive investors to gold as a safe haven. 5. Inflation data due this week could further influence gold prices.

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FAQ

Why Very Bullish?

Gold's significant price surge indicates strong bullish sentiment, driven by economic uncertainty.

How important is it?

The article discusses gold price movements directly affecting AAAU's value, reflecting economic trends.

Why Short Term?

Immediate reactions expected from upcoming inflation data could influence gold and AAAU swiftly.

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