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Gold Soars to $3,085 Amid Trade Tensions Eyes $3,252 with Potential Consolidation Ahead

GOLD closed on Friday at weekly higher levels after testing the low level of $ 3002 in the same weekly trading session as Gold prices soared $3,086 per ounce on Friday, hitting a record high as investors sought safety amid fears of a global trade war sparked by US President Trump’s new tariffs. Gold has risen nearly 2% this week, marking its fourth consecutive weekly gain, due to concerns over tariffs, trade disputes, and geopolitical risks.