Gold Hits New Record With Trade, Rate Cuts in Focus

Core Viewpoint - Gold prices have reached a new record due to U.S.-China trade tensions and increasing expectations for interest rate cuts, enhancing the metal's attractiveness [1][2]. Group 1: Gold Price Movement - Futures in New York rose by 1.9% to $4,281.70 per troy ounce, with an earlier peak of $4,283.90, while spot gold increased by 1.6% to $4,207.77 per ounce [2]. - Gold has gained nearly 8% this week, driven by rising political uncertainty in the U.S. [2]. Group 2: Market Sentiment - The ongoing government shutdown, now in its fifteenth day, has led to a lack of reliable economic guidance, causing markets to focus on trade flows and risk sentiment [3]. - Analysts suggest that the prolonged standoff will make markets increasingly sensitive to unexpected data [3].