Gold prices marked a third straight trading day of record highs Monday, rising in particular during Asian trading hours as investors in mainland China flocked to a “stateless” asset seen as relatively safe amid rising tensions with the U.S.
New York gold futures exceeded $3,400 per troy ounce for the first time that day, topping $3,440 at one point. Funds shifted from neutral positions back to buying after the Easter holiday weekend.
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