Gold Hits Record Highs Amid Geopolitical Tensions, Trade Wars, and Rate Cut Expectations

• Spot gold reached an all-time high of $4,847.70 on January 21, trading at $4,831.70 (2:43 am GMT).
• On MCX, gold crossed the Rs 1.5 lakh mark for the first time, closing at Rs 1,50,560 per 10 grams.
• Geopolitical tensions, including Trump's new tariffs and Greenland tensions, are fueling safe-haven demand for gold.
• Expectations of another US Federal Reserve rate cut are also contributing to the surge in gold prices.
• Experts predict continued volatility with a positive bias, with gold potentially trading between Rs 1,42,000-Rs 1,55,000.

Why It Matters: Gold prices are soaring to record highs globally due to geopolitical uncertainty and anticipated rate cuts.