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Gold climbed to a new all-time high on Friday, surpassing the $3,000 mark for the first time. The metal has been on a steady upward trajectory, propelled by uncertainties surrounding the Trump administration's trade policies and geopolitical concerns, which pushed investors toward safer bets. Meanwhile, the disinflationary process and falling interest rates are gradually allowing demand to increase.
Net Asset Value (NAV) Calculation:
Mutual funds calculate their NAV based on closing prices. Therefore, there can be increased trading activity near the close as fund managers adjust their portfolios.
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