By Anushree Mukherjee and Brijesh Patel

(Reuters) -Gold pushed through $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federal Reserve.

Spot gold was up 0.5% at $4,002.53 per ounce by 0213 GMT. U.S. gold futures for December delivery gained 0.5% to $4,025 per ounce.

Traditionally, gold is seen as a store of value during times of instability. Spot gold is up 52% year-to-date after rising 27% in 2024.

“There’s so much faith in this trade right now that the market will look for the next big round number which is 5,000 with the Fed likely to continue to lower rates,” said Tai Wong, an independent metals trader.

“There will be some bumps in

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