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Gold Extends Gains as U.S. Debt Worries and Geopolitical Tensions Support Safe-Haven Demand

Gold prices climbed further in Asian trading on Thursday, continuing a strong upward trend fueled by rising demand for safe-haven assets amid deepening concerns over the United States’ fiscal outlook and lingering geopolitical tensions in the Middle East. Spot gold rose 0.7% to $3,338.04 an ounce, while June gold futures …

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European Markets Slide as U.S. Deficit Woes, Geopolitical Tensions Weigh on Sentiment

European stock markets retreated Thursday, mirroring Wall Street’s sharp selloff as investors grew increasingly uneasy about the deepening U.S. fiscal deficit and the fading prospects for a resolution to the Russia-Ukraine conflict. At 03:05 ET (07:05 GMT), the DAX index in Germany fell 0.4%, France’s CAC 40 slipped 0.4%, and …

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