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Gold surged yesterday setting a new historical high after major purchasing liquidity rushed into precious metal markets, specifically on gold, where it is considered to be a safe haven incase the global economy uncertainties, or major economies take a longer time to bounce back. Expectations are for the Feds to hold onto the low interest rate for a while, despite of recovery signs appearing in the U.S. economy; however, this recovery was not able to revive the economy or completely stabilize it, which will keep the dollar relatively low against a basket of foreign currencies; thus, pushing investors towards finding a safe haven against the depreciating dollar.
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