Gold Breaks $4,200 Barrier Amid Rate-Cut Optimism and Geopolitical Risk

Spot gold surged past $4,200 per ounce for the first time, extending its record-breaking rally. This surge is attributed to growing optimism for interest rate cuts and heightened geopolitical risks, which typically increase demand for safe-haven assets. The metal is reportedly up 60% year-to-date, supported by central bank buying, ETF inflows, and de-dollarization trends.