✨ Can gold break the $4,700 level?

Gold recorded an increase of about 2% to reach a new record high above $4,695 per ounce, with increasing flows of investors towards safe havens.

This move comes amid rising trade tensions following President Trump's imposition of a new tariff on Europe, which has reignited demand for gold as a hedge tool.

📈 Key observation point:

Eyes are now on the $4,700 level — a clear breakout and holding above this barrier could open the door for a new upward wave, while failure to break through may lead to a consolidation or limited correction in the short term.

🔍 Summary:

The overall trend remains positive, and momentum is supported by geopolitical and economic factors, but risk management remains essential near historical levels.

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