KATHMANDU: Gold prices soared to an all-time high in the international market on Friday, reaching $3,219.84 per ounce, as investors flocked to the precious metal amid a weakening U.S. dollar and escalating global trade tensions.
The surge in gold prices comes as the U.S. dollar index (DXY) dropped to 99.71 points, its lowest level in a year, following heightened trade war rhetoric from U.S. President Donald Trump.
Analysts say the decline in the dollar’s value has made gold more attractive as a safe-haven asset for investors.
The price rally reflects growing uncertainty in global markets, with traders seeking stability in commodities like gold during periods of economic and geopolitical instability.
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