Gold rises above $4,200 as markets price in risk and rate cuts

Gold breached the $4,200 per ounce threshold for the first time, fueled by intensifying U.S.–China trade tensions and growing expectations of Federal Reserve rate cuts. The rally reflects safe-haven demand and weakening dollar pressure as central banks hint at easing. Technical momentum also played a role, with large positions repositioned into precious metals. Analysts caution that a reversal in rate expectations or optimism in equities could challenge the rally.