Gold is set for a third straight week of gains after reaching a record high of $3,057.21 per ounce. The increase is attributed to the Federal Reserve's rate cut cues and safe-haven demand amid global uncertainties. Analysts believe that gold will continue to trend higher and may hit another record high. In addition to the rise in gold prices, tensions in the Middle East have also contributed to the metal's surge. Silver, platinum, and palladium, however, are poised for weekly declines.
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