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Gold surges to $5,350 on Iran attack.
The background involves both "dollar distrust" caused by Trump's tariffs and a "safe-haven shift" due to Middle East tensions happening simultaneously.
Iranian Rial crashes by 30% since the beginning of the year.
Citizens in countries where the currency has become unusable have no choice but to turn to gold. A deeper structural movement is at play beyond just "buying gold in times of crisis."
#XAU # Gold #FXTrading