Gold Hits All-Time High

2025-10-13 02:05 By Judith Sib-at 1 min. read

Gold scaled an all-time peak of $4,090 per ounce on Monday, driven by safe-haven demand amid renewed US-China trade concerns, broader economic uncertainties, and expectations of further US interest rate cuts.

President Trump on Friday threatened to impose extra levies of 100% on Chinese exports, along with new export controls on critical software from November 1.

However, he softened his stance on Sunday, saying America wants to help China and not harm it.

Beijing defended its rare earth export curbs and warned its readying countermeasures against any new US tariffs.

Adding to market jitters, the US government shutdown has stretched into another week, with the White House moving ahead with mass layoffs of federal workers.

Meanwhile, traders are widely expecting the Federal Reserve to deliver 25bps rate cuts at each of its remaining meetings this year.

On the geopolitical front, Trump said on Sunday that the Gaza war has ended as he flew to Israel for the release of hostages.



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