$1,252 Gold Price Sets New Record High

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The gold price traded up to $1,252 per ounce early Tuesday morning, a new all-time high, before settling back near $1,245. The price of gold continues to appreciate despite a growing number of investment strategists calling for a pullback or labeling gold’s ascent a “bubble.” Sentiment toward the gold price remains relatively subdued, evidenced by the 73% bullish consensus reading reported by Market Vane after yesterday’s close.

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