Gold Breaks $4,300 as Record Rally Continues

2025-10-16 20:36 By Mojdeh Kazemi 1 min. read

Gold prices climbed to fresh record highs for the fourth consecutive session on Thursday, surpassing $4,300 an ounce as investors sought safety amid rising US-China trade tensions and the ongoing US government shutdown.

The precious metal has surged more than 60% so far this year, supported by strong central bank buying, expectations of aggressive rate cuts, and heightened geopolitical risks.

Fed Chair Jerome Powell’s recent comments on signs of a weakening labor market led investors to nearly fully price in a 25-bps rate cut at this month’s meeting, with another likely in December, boosting gold’s appeal in a low-interest-rate environment.

On the trade front, US officials on Wednesday condemned China’s tighter rare earth export restrictions, warning they threaten global supply chains and signaling potential US countermeasures.



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