India, Oct. 8 -- By Tuesday, gold prices had soared to unprecedented levels, nearing $4,000 per ounce. Reports confirmed that prices reached $3,948 before climbing even higher to close at $4,007.90. Analysts believe the rally could continue if certain market conditions align-particularly if investors shift capital from the U.S. Treasuries into gold. Goldman Sachs suggests such a move could push gold to even greater heights.

This dramatic surge reflects more than mere market speculation. Many experts see it as a sign of gold's renewed role as a safe-haven asset amid rising global instability. Geopolitical tensions, especially the ongoing Russia-Ukraine war and the Israel-Gaza conflict, have been major drivers of increased demand.

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