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[Safe-Haven Demand Drives Gold To Record High, Inflation Data In Focus]On February 10, Comex Gold Surged 1.70% To $2,936.8 Per Ounce, Marking a New All-Time High, While Shfe Gold Rose 1.35% In Night Trading To ¥682.74 Per Gram.Trump’s Announcement Of a 25% Tariff Hike On Imported Steel And Aluminum Intensified Trade Tensions, Strengthening The U.S. Dollar. However, Gold’s Safe-Haven And Inflation-Hedging Appeal Also Increased, Supporting Its Price Rally.Meanwhile, Escalating Tensions In The Middle East, Including The Worsening Israel-Hamas Conflict, Further Fueled Demand For Safe-Haven Assets.This Week, Markets Are Focused On The U.S. January CPI Data. If Inflation Exceeds Expectations, It Could Push U.S. Treasury Yields Higher, Pressuring Gold Prices. Investors Should Be Cautious Of The Risks Of Chasing Highs Ahead Of The Data Release.
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