Gold prices reached a new high, exceeding $4,100 per troy ounce due to escalating U.S.-China trade tensions and expectations of additional U.S. interest rate cuts. Futures in New York rose 2.9% to $4,116.20, while spot gold climbed 1% to $4,016.68.

Bank of America predicts gold prices will average $4,400 per ounce in 2026, while Societe Generale analysts forecast prices hitting $5,000 per ounce by the end of next year. The outlook for gold remains bullish as global economic uncertainties drive up demand for the precious metal.

Read more at Dow Jones & Company: Gold Scales New Peaks on Trade Tensions, Rate-Cut Hopes