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Gold prices surged to a historic $4,000 per ounce Tuesday, driven by investor demand for safe haven assets amidst global geopolitical and economic uncertainties. Factors contributing to the rise include trade system disruptions, inflation concerns, and reduced attractiveness of debt instruments following Federal Reserve interest rate cuts. Experts suggest a significant portion of portfolios should be allocated to gold, although some analysts caution about potential near-term consolidation.

Prepared by Christopher Adams and reviewed by editorial team.