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Gold came into mainstream focus in 2024 as it continued to set records in all major currencies. For Australia, that happened on October 29, when gold reached an all-time high of AU$4,230.70 per ounce.Gold’s momentum was fuelled by geopolitical instability in Eastern Europe as tensions rose between Russia and Ukraine, as well as by a flareup in the Middle East as Lebanon and Iran were drawn into the Israel-Gaza conflict.Additional support came in the form of continued central bank buying, as China, India and Turkey all added large quantities of gold to their coffers. Meanwhile, the US Federal…