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SP Angel: Gold futures fell, but remained at historical highs due to a weaker dollar and safe-haven demand.
Jin10 data reported on April 14 that gold futures prices have declined, but remain near historical highs driven by safe-haven demand and a weak dollar. SP Angel analysts stated in a report that the surge in ETF inflows, the weakening dollar, and investors turning to safe-haven assets amid market turmoil have supported gold prices. SP Angel mentioned that the significant dumping of U.S. Treasuries may have also triggered more gold purchases. SP Angel wrote that gold and U.S. Treasuries typically compete for safe-haven status, and given concerns about the U.S. economy, investors may reduce their positions in U.S. Treasuries and turn to buying gold.