Gold Surges Above $4,300 As Safe-Haven Demand Soars Amid U.S.-China Tensions And Government Shutdown

Benzinga

Gold surged past $4,300 an ounce as investors sought safety amid U.S.-China tensions and the government shutdown. Up 60% in 2025, gold’s rally is driven by rate-cut bets, central bank buying, and de-dollarization trends.

Transcript

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

00:02Gold extended its record-breaking rally on Thursday,

00:05a story past $4,300 an ounce, according to Reuters.

00:08Investors piled into safe haven assets amid escalating U.S.-China trade tensions

00:11and a prolonged U.S. government shutdown.

00:14Spot gold rose 2.6% to $4,316.99,

00:19while December futures closed at $4,304.60.

00:23Metals surged more than 60% in 2025,

00:26fueled by aggressive rate cut bets,

00:28central bank demand, de-dollarization, and robust ETF inflows.

00:32Traders expect the Federal Reserve to cut rates by 25 basis points

00:35above October and December, with odds above 95%.

00:39Analyst Zane Valda of Onda said worsening U.S.-China relations

00:44could propel gold towards $5,000 per ounce.

00:47HSBC lifted its 2025 gold forecast to $3,355,

00:52citing persistent geopolitical and economic uncertainty.

00:55For all things money, visit Benzinga.com.

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