Washington: Gold prices surged to new record highs on Wednesday, reaching $4,186.68 per ounce, fueled by investor demand for safe-haven assets as tensions between the United States and China deepened and expectations for US Federal Reserve rate cuts grew stronger. Spot gold was last seen trading around $4,178 per ounce, while December futures touched $4,197.50.

In India, gold also hit fresh highs on the Multi Commodity Exchange (MCX), with the December contract peaking at Rs 1,27,500 per 10 grams. The sharp rise reflects robust global sentiment, as investors shift away from riskier assets amid fears of economic slowdown and political uncertainty.

Silver mirrored gold’s movement, climbing to Rs 1,60,594 per kilogram, boosted by both industrial demand and safe-haven flows. Globally, sil

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