Gold Surges Past $4,200 Barrier Amid Safe-Haven Demand and Rate-Cut Optimism

Gold extended its record-breaking rally, surpassing $4,200 per ounce for the first time, driven by optimism for rate cuts and rising geopolitical risks. Spot gold rose 1.3% to $4,195.35, hitting an intraday high of $4,217.95, and is up 60% year-to-date, supported by central bank buying, ETF inflows, and de-dollarization trends.