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Gold demand surged to a record high in 2025 as investors and central banks flocked to the safe-haven asset as protection against US President Donald Trump's unpredictable policies and their potential economic impact, industry data showed Thursday.

Ghana is preparing to overhaul its mining laws to increase its share of the revenues generated by the surge in the precious metal's price, sparking concern among foreign mining companies in Africa's top gold producer.

Hong Kong residents hoping to cash in on a precious metals rally are buying up bars of silver as an alternative to gold that they say has become "too expensive" after reaching record highs.