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Spot gold has once again risen above the $4,800 per ounce level, indicating a strong rebound in the precious metal market. Investors are closely watching the ongoing geopolitical tensions and inflation concerns, which continue to support gold prices. The recent surge reflects renewed confidence among traders and a shift in market sentiment towards safe-haven assets amid economic uncertainties.
Odaily Planet Daily reports that according to the latest data from Gate, spot gold has retaken the $4,800 per ounce level, rebounding nearly $150 from the daily low, with an intraday increase of 0.43%.