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Gold is capturing significant attention in the financial markets, surging past the $2,700 per ounce mark and reaching an all-time high of $2,707. Economist and gold advocate Peter Schiff views this as just the initial phase of what he predicts could evolve into a monumental bull market for gold. “Gold is not only reaching another record high tonight, but it is also trading above $2,700 for the first time,“ he states on the social platform X. Following this, he notes that gold has surpassed $2,720, further reinforcing his bullish outlook. As the chairman of SchiffGold, Schiff has consistently expressed optimism about gold's potential, suggesting that its journey from $20 to $2,600 per ounce could ultimately lead to prices reaching $26,000 or even $100,000. The consistent rise in gold prices signals growing concerns about inflation and a deteriorating fiscal situation, characterized by increasing budget deficits leading to an oversupply of U.S. Treasu
