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Gold Price surges to the all-time high above $2,130 on weaker US

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold prices (XAU/USD) climbs to an all-time high above the $2,100 psychological round mark during the early Asian session on Monday.

The speculation that the Federal Reserve (Fed) has reached its peak of the rate hike cycle boosts yellow metal demand.

Gold price attracts some buyers above the $2,100 mark and has reached the record high of $2,148. At the time of writing, gold price (XAU/USD) is trading around $2,135, up 2.90% on the day.

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