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Gold prices could well reach new record highs soon should the Hamas-Israel war continue to intensify, according to Newmont chief executive Tom Palmer.
“The things we’ve seen play out over the last few weeks is one of the factors behind gold enjoying the levels that it’s sitting at now,” Palmer told FT. “When I think about gold price, I think that there’s a lot of fundamentals that are sitting behind the levels that’s been holding for the better part of this year,” Palmer added. “And unfortunately there are events playing around the world that leads to gold price going up.”
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