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That came a day after gold touched a record high of $3,167.57.
Gold prices ended the week down nearly 2%.
Its behaving in line with the historical trends.
Most observers expect gold to remain a solid hedge against tariffs and global trade wars.
With no relief in sight for the forces driving this surge, any significant near-term retreat seems unlikely.
Central banks remain key players in golds ascent, Solomon Global noted.
Central banks have remained bullish on gold this year.
In March, Williams said that gold hitting $3,500 an ounce was within the realms of possibility.
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