Gold Hits Record High Near $4,100 Amid US-China Trade Tensions
Gold prices have climbed to a new record, nearing $4,100 per ounce, as worries over trade tensions between the US and China push investors toward safe-haven assets.
Spot gold rose 1.3% to $4,070, reaching an all-time high of $4,078 earlier. Gold futures for December also jumped, showing strong demand from traders looking for stability amid market uncertainty.
The rise is fueled by fears of new tariffs and trade disruptions, along with expectations of continued inflation and a weaker US dollar. Investors are buying gold to protect their money from market risks.
Analysts say if trade tensions continue, gold prices could climb even higher, possibly touching $4,300. But if tensions ease or the dollar strengthens, gold may face a pullback.
Impact:
Gold might keep rising if US-China trade tensions continue. However, a stronger dollar or easing trade conflicts could cause prices to drop slightly.
