Gold Surges Past $4,100 As Rate Cut Bets And Trade Fears Drive Safe-Haven Demand

Benzinga

Gold hit a record $4,179 an ounce as investors anticipate Fed rate cuts and hedge against U.S.-China trade tensions. Up 57% this year, analysts see potential gains toward $5,000 by 2026 amid global uncertainty.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Gold surged to a record high above $4,100 on Tuesday as investors bet on a Federal Reserve rate cut

00:08and sought safety amid renewed U.S.-China trade tensions.

00:11Smock Gold rose 0.5% to $4,129.16 after reaching a record high of $4,179.48 earlier in the session.

00:22Gold has risen 57% this year, surpassing $4,100 for the first time amid global uncertainty.

00:28Strong central bank demand and rate cut expectations.

00:33Analysts said trade warfares lifted prices further, with future gains hinging on a dovish outcome from this month's Fed meeting.

00:40U.S. and China plan to impose port fees on shipping firms amid trade talks,

00:44while analysts expect gold to climb to $5,000 per ounce by 2026.

00:48Trump and Xi are set to meet in South Korea later this month as both nations impose new port fees on ocean freight.

00:54For all things money, visit Benzinga.com.

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