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Gold costs hit a recent document, surpassing $4,100 a troy ounce as a flare-up in U.S.-China commerce tensions and prospects of additional U.S. interest-rate cuts drive up demand.
In afternoon buying and selling, futures in New York climb 2.9% to $4,116.20 a troy ounce, whereas spot gold rises 1% to $4,016.68 an oz.
Financial institution of America raised its gold value forecast to $4,400 an oz on common for 2026, whereas Societe Generale analysts say they now see costs reaching $5,000 an oz by the top of subsequent 12 months.
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