Gold hits record high above $4,900 despite improved risk appetite and continued support for interest rate cut expectations

Gold continued its upward trend for the fourth consecutive day, reaching a new record high above $4,900 an ounce, despite improved risk appetite in global markets and easing tensions between the United States and Europe. It reached a high of $4,916 an ounce and is currently trading near $4,915, reflecting a daily gain of approximately 1.6%. This performance reflects continued demand for gold as a safe haven amid uncertainty surrounding global economic and trade policies, despite the positive market sentiment following talks between US President Donald Trump and the NATO Secretary General.