The safe-haven metal has rallied amid unrest in the Middle East Safe-haven demand has been driving gold prices higher to the cusp of $2,000 per ounce and has helped the precious metal outpace the S&P 500 stock index so far in 2023, MarketWatch reported this week. Bullion has rallied approximately 10% since the surprise attack by Palestinian armed group Hamas on Israel on October 7. Experts and traders forecast that geopolitical tensions and the uncertainty in the Middle East will continue driving gold prices higher. Investors traditionally turn to gold in times of market uncertainty to hedge risks and as a store o
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