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Gold Hits Record High Amid Tariff Fears and Fed Rate Cut Expectations

Gold Hits Record High Amid Tariff Fears and Fed Rate Cut Expectations

Author:

Global Cryptocurrency

Published:

2025-10-13 10:28:03

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BTCCSquare news:

Gold prices surged to a historic high of $4,078.05 per ounce during Asian trading, driven by investors flocking to the safe-haven asset following President Trump's announcement of sweeping tariffs on Chinese goods. The new 100% tariffs and export controls, set to take effect November 1, sparked fears of escalating trade tensions, reinforcing gold's appeal.

Market sentiment further bolstered Gold as the CME FedWatch tool indicates near-certain 25 basis-point rate cuts by the U.S. Federal Reserve in October and December. Earlier geopolitical tensions, including Middle East conflicts, had already pushed gold above $4,000 last week before a brief retreat on hopes of a Hamas-Israel peace deal.

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