Institutions: Trade deadlock and rising expectations of interest rate cuts drive safe-haven demand, gold price stands above $4,200

Jinse Finance reported that the spot gold price has surpassed $4,200 per ounce, reaching a new high. Institutional analysis indicates that the trade deadlock and rising market expectations for further interest rate cuts have driven safe-haven buying in precious metals. Amid ongoing trade tensions and the prolonged U.S. government shutdown, investors are flocking to gold to hedge against geopolitical uncertainty. Meanwhile, a speech by Federal Reserve Chairman Powell overnight reinforced market bets on rate cuts, putting pressure on the U.S. dollar and further supporting gold prices. In addition, silver futures have also been boosted by safe-haven demand and tightening liquidity in the London market.