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GOLD SOARS ABOVE $4,000 — BULLS EYE NEW ALL-TIME HIGHS AS FED RATE CUT BETS INTENSIFY

GOLD was closed on Friday at weekly higher levels after testing the low level of $ 3898 in the same weekly trading session as Gold surged past the $4,000 mark on Friday, edging closer to the all-time high of $4,059 hit on Wednesday, fueled by renewed tensions between Washington and Beijing after US President Trump indicated there was no reason to meet with China’s Xi Jinping in two weeks in South Korea as planned, while preparing to increase tariffs on Chinese imports.