Spot gold has once again risen above the $5,000 mark, reaching new highs amid ongoing market volatility. Investors are closely watching the precious metal as it continues its upward momentum, driven by economic uncertainties and inflation concerns. This surge reflects renewed confidence in gold as a safe-haven asset during turbulent times.

Odaily Planet Daily News reports that according to the latest data from Gate, spot gold has broken above $5000 per ounce, with an intraday increase of 1.1%, rebounding nearly $600 from this week’s low.

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