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How gold became one of the world's hottest investments

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Summary
Nutrition label

84% Informative

Gold hit a record high of $ 2,772 per troy ounce this week and has risen in six of the past seven weeks .

Year-to-date gold returns have outpaced the broader stock market by about 10 percentage points.

Central banks have been on a gold-buying spree over the past few years .

Gold is considered a safe haven asset due to its long-standing history as a store of value.

The World Gold Council says falling interest rates have historically benefited gold prices.

With the Fed expected to cut interest rates multiple times over the next year , lower rates should serve as a tailwind for gold.

The People's Bank of China cut rates by 25 basis points this week , while the Bank of Canada cut by 50 basis points.

VR Score

87

Informative language

86

Neutral language

59

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

11

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