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In a move that's about as surprising as a sunrise, gold prices have soared to record highs, brushing up against the $2,800 per ounce mark. The catalyst? President Trump's latest tariff escapades targeting Canada, Mexico, and China. Investors, clearly not in the mood for surprises, are flocking to the safe haven of gold, driving demand through the roof.
But wait, there's more. The mass exodus of gold to New York has left London's vaults looking a bit bare, with withdrawal wait times stretching to over a month. Traders are more than a little jittery about potential tariffs on gold imports, prompting this transatlantic treasure trek.
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**Fun Fact Of The Day**
Did you know that all the gold ever mined would fit into a cube measuring just 21 meters on each side? That's a lot of fuss over a pretty small box.
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