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Gold Rallies to Record High Near $4,200 as Fed Cut Bets Intensify
Gold hits record high on rising Fed cut expectations and trade fears.
Gold surged to a record high of approximately $4,200 per ounce, driven by renewed investor expectations of U.S. Federal Reserve rate cuts and intensifying U.S.-China trade concerns. Spot gold reached $4,186.68 before settling near $4,178.15, with futures gaining ~0.8%. Dovish signals from Fed Chair Powell and ongoing macro uncertainty boosted safe-haven demand. The rally underscores gold’s appeal as a hedge when inflation and geopolitical risks persist.