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Safe-Haven Surge: Gold Jumps 4% as Trump’s Deadline Extension Heightens Uncertainty
Bullion Hits New Highs as Markets Weigh the "5-Day Pause" Against Fears of a Prolonged Diplomatic Deadlock
Gold prices witnessed a massive 4% rally on Friday, March 27, 2026, as investors pivoted back to safe-haven assets. The surge was triggered by President Trump’s decision to extend the deadline for ceasefire talks by an additional five days, a move that—while delaying immediate military strikes—has signaled to the markets that a "quick fix" to the West Asia conflict is unlikely.
Spot gold climbed significantly, crossing the $2,350 per ounce mark in international markets, as the "war risk premium" remains firmly embedded in global trade.
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