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- Gold price rallies to $2000 per troy ounce, bouncing back from daily lows of $1976.97.
- Escalating Middle East conflict and Israel military expanding its operations in Gaza.
Gold price finally broke the $2000 troy ounce barrier on Friday amidst increasing geopolitical risks, as the conflict between Israel and Hamas is at the brisk of spreading towards more countries in the region. At the time of writing, XAU/USD is trading at $2000 after the yellow metal bounced from daily lows of $1972.12
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