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This Monday's market was really intense😂 Spot gold surged directly, with a closing increase of 1.95% on Monday, a single-day gain of $87.96, finally closing at $4597.05 per ounce. During the session, it even soared to $4630.28 per ounce, reaching a high point.
At the same time, the US dollar index weakened inversely, falling 0.3%, hitting its lowest level in nearly three weeks. Behind this inverse movement, it is mainly driven by geopolitical tensions—usually during such times, investors flock to safe-haven assets like gold to hedge risks, and the US dollar being under pressure is quite understandable.
It seems the market's reaction to geopolitical risks is quite intense. If the situation continues to escalate, gold's safe-haven value may continue to play a role, and holding stable safe-haven assets at this time is indeed very necessary.