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Gold exceeds $4000, achieves new weekly gains

[10/10/2025 02:13]

LONDON-SABA
Gold prices rose today, Friday, heading towards achieving weekly gains for the eighth consecutive time, driven by strong demand for safe-haven assets amid ongoing geopolitical and economic uncertainty.

Gold surpassed the $4,000 per ounce mark for the first time, reaching a record level of $4,059.05, while silver, platinum and palladium rose at varying rates.

Spot gold increased by 0.1 percent to $3,977.87 per ounce.

U.S. gold futures for December delivery rose 0.5 percent to $3,992.40.The precious metal has risen 2.3 percent since the beginning of the week.