[Gold Price Surges Past $4,200, Hits Record High as Safe-Haven Demand and Rate Cut Expectations Drive Growth] Spot gold prices have surged past $4,200 per ounce, setting a historic record. Analysts point out that the ongoing global trade stalemate and rising market expectations for further rate cuts by the Federal Reserve have significantly boosted the safe-haven demand for precious metals. Against the backdrop of an extended U.S. government shutdown and escalating geopolitical uncertainties, investors are turning to gold to preserve asset value. Additionally, the latest remarks by Federal Reserve Chairman Jerome Powell have reinforced market expectations for rate cuts, weakening the U.S. dollar and further driving up gold prices. Meanwhile, silver futures prices have also gained support due to increased safe-haven demand and tight liquidity in the London market.