Driven by "risk aversion + interest rate cut expectations", gold hits a new record high

Gold prices have surged past $4,000 per ounce, reaching a new all-time high, driven by investors seeking to avoid growing economic and geopolitical uncertainty and expectations of further interest rate cuts from the Federal Reserve. Analysts say the "fear of missing out" is also fueling the rally. UBS analyst Giovanni Staunovo noted, "What we're seeing is that investors are buying gold even at high prices, and this behavior is further amplifying the price increase."