Gold has soared past the $3,500 mark for the first time in history, with spot prices reaching around $3,529, driven by heightened safe haven demand. This unprecedented surge comes amid growing expectations of a Federal Reserve rate cut, continued weakness in the U.S. dollar, and rising global geopolitical tensions. Investors are flocking to gold as a hedge against economic uncertainty and inflation risks. Analysts now anticipate further upside, with short-term targets ranging from $3,600 to $3,900 and medium-term projections potentially hitting the $4,000 milestone.

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