The spot price of gold hit a new record high during trading on Monday. As of 9:34 a.m., it stood at $4,068.74 per ounce, up 1.3% from the previous session’s close. Earlier during trading, the spot price of gold rose to $4,078.24 per ounce, a record high. Gold futures on the Comex exchange are up 2.2% to $4,087.4 per ounce.

The precious metal is supported by tensions between the US and China, as well as expectations of further interest rate cuts by the Federal Reserve.

On Friday, US President Donald Trump announced the possibility of a significant increase in import duties on Chinese goods in response to Beijing’s tightening of export controls on rare earth metals and said he saw no point in meeting with Chinese President Xi Jinping. However, on Sunday, Trump said that Washington wants to help Beijing, not harm it, and suggested that he may still meet with Xi Jinping later this fall.

In addition, traders expect two more Fed rate cuts before the end of the year. Judging by the futures quotes for the rate, the market estimates the probability of a 25 basis point cut by the US Central Bank at its next meeting on October 28-29 at 95.7%. Investors believe that the regulator will take the same step at its December meeting.

Earlier, the Experts Club analytical center presented an analysis of the world’s leading gold-producing countries in its video on YouTube — https://youtube.com/shorts/DWbzJ1e2tJc?si=9YBue5CS6dz-tA6_

Source: https://www.fixygen.ua/news/20251013/tsina-zolota-vpevneno-zrostae.html/

China Experts Club Fed GOLD USA

Last modified: October 14, 2025