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Precious Metals Surge on August 6, Gold Up 4.88% in 24 Hours

GateNews
MetalsPrice Volatility
PAXG-1.29%
XAG-2.05%
XPT-1.88%

According to ChainCatcher, precious metals rallied on August 6, with data from WEEX TradFi showing strong gains driven by safe-haven demand repositioning. Gold (PAXG) surged 4.88%, silver (XAG) rose 4.71%, and platinum (XPT) climbed 2.30% in the past 24 hours.

WEEX Labs attributed the advance primarily to post-correction recovery trading, as markets weighed geopolitical risks, U.S. dollar movements, and Treasury yield shifts. Gold's safe-haven and diversification attributes regained investor focus.

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