Gold notched a fresh record high above the $4,100 level on Tuesday, lifted by expectations of a rate cut this month by the U.S. Federal Reserve and an investor flight to safety after a flare-up in trade tensions between Washington and Beijing.
Spot gold rose 0.9% to $4,145.85 per ounce as of 1:50 p.m. ET (1750 GMT), after hitting a record high of $4,179.48 earlier in the session.
U.S. gold futures for December delivery gained 0.7% to settle at $4,163.40.
The metal has surged around 57% this year, breaking the $4,100 barrier for the first time on Monday.
