Gold Hits Fresh Record on U.S.-China Trade Spat, Fed Rate-Cut Bets
Barronsยท2025-10-15 10:02
LIVE Dow Set to Open Higher as the Market Focuses on Fed Rate Cuts Last Updated: 38 min ago Gold prices climbed above $4,200 a troy ounce, hitting a fresh record as the U.S.-China trade standoff and growing expectations of further interest-rate cuts boost demand for precious metals. In early trade, futures in New York rose 1.3% to $4,217.20 an ounce after reaching $4.218.20 earlier in the session, while spot gold is up 0.8% to $4,142.63. Investors are piling into gold as a hedge against geopolitical uncerta ...