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Gold soared yesterday and approached record highs yet again as global geopolitical outlook remained tense. The metal currently trades up 0.47% at $2962 per ounce. The metal is up 4.50% this month following a spike of 7.35% in the last month. Media reports noted that a spike in demand for physical gold from the US Commodity Exchange (COMEX) and speculation over potential Donald Trump administration's tariffs have led to delays in delivery of the precious metal by London's vaults and refineries imposing temporary surcharges.

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