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The big lesson so far this year for gold investors is that there’s no limit to fresh highs as investors navigate uncertainty and geopolitics.
That’s according to Christopher Louney, RBC’s global head of commodity strategy, as the price of gold
GC00 marched steadily toward a fresh high on Friday of $4,926 an ounce, briefly reaching $4,970 in Asian trading hours. Gold closed at a fresh record on Thursday of $4,908.80 an ounce, and another positive session would mark its fourth in a row.