Gold closes above $4,100 for first time

13/10/2025 Argaam
December gold futures climbed 2.25% to $4,090 per ounce.

December gold futures climbed 2.25% to $4,090 per ounce.

Gold rose on Monday, closing above $4,100 an ounce for the first time ever, supported by renewed trade tensions between the United States and China and expectations of a Federal Reserve rate cut later this month.

 

December futures gained 3.3%, or $132.6, to $4,133 an ounce, marking the contract’s 45th record close of 2025.

 

The rally followed US President Donald Trump’s weekend announcement of additional tariffs on China in response to tighter Chinese controls on rare earth exports.

 

Although Trump indicated over the weekend that he did not wish to harm China, the return of trade war concerns boosted safe-haven demand.

 

Gold also drew support from widespread expectations that the Federal Reserve will cut borrowing costs at its Oct. 28-29 policy meeting.

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