Agency: Trade standoff, interest rate cuts expected to rise, driving safe-haven demand, gold prices stand at $4,200
2025-10-15 07:51:15
Spot gold prices broke through $4,200 an ounce, setting a new high. Institutional analysts said that the trade standoff and the market's expectation of further interest rate cuts have promoted safe-haven buying of precious metals. Investors have flocked to gold to hedge against geopolitical uncertainty amid continued trade tensions and a prolonged U.S. government shutdown. At the same time, remarks by Federal Reserve Chairperson Powell overnight strengthened market bets on interest rate cuts, putting pressure on the dollar and further supporting gold prices. In addition, silver futures have also been driven by safe-haven demand and the liquidity squeeze in the London market.
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