Gold Hits Record Highs Amid Geopolitical Tensions, Fed Rate Cut Expectations

• Gold prices surged to new record levels on January 19, reaching $4,660.90 on Comex and Rs 1,44,457 per 10 grams on MCX.
• The rally is primarily driven by ongoing geopolitical uncertainty, particularly between the US and Iran, and expectations of a US Federal Reserve rate cut.
• Despite a slight dip on Comex, gold remains near its peak, attracting safe-haven demand as an alternative to the dollar.
• Trump's Greenland bid and threats of tariffs on European nations also contributed to elevated risk sentiment, boosting gold's appeal.
• Experts predict continued volatility for gold, with prices expected to trade within the ₹1,41,000–₹1,45,000 range in the near term.

Why It Matters: Gold prices reached new records, fueled by geopolitical tensions and anticipated Fed rate cuts, maintaining high volatility.