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Investors Favor Gold as Safe Haven Asset Amid Growing Risk of US Debt Default

According to a recent survey by Bloomberg's Markets Live Pulse, investors are increasingly turning to gold as a safe haven asset due to the risk of a US debt default. More than half of the 637 finance professionals surveyed expressed their preference for gold in the event of a potential default. The limited alternatives available to investors in such a scenario, including US Treasuries, traditional safe haven currencies, and even Bitcoin, further reinforce the appeal of gold as a reliable investment option. However, it is important to consider historical precedent and expert opinions, which suggest that the likelihood of default remains relatively low.

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