Gold Shines Brighter Than Ever: New Record Above $4,480

Gold prices surged to a fresh all-time high above $4,480 per ounce on Tuesday, marking the 50th record-breaking session of the year. The rally is being fueled by growing expectations of looser U.S. monetary policy and escalating geopolitical tensions, both of which continue to strengthen gold’s safe-haven appeal.

Markets are now pricing in two 25-basis-point rate cuts by the Federal Reserve next year, as signs of easing inflation and a cooling U.S. labor market reinforce the case for policy relaxation.

Investor focus has shifted to the second estimate of Q3 GDP, due later today, which may offer deeper insight into the strength of the U.S. economy and help clarify the future path of Fed policy.

Meanwhile, safe-haven demand remains elevated amid rising tensions between the United States and Venezuela. Washington has intensified its naval blockade, seizing a second oil tanker over the weekend and actively pursuing a third—adding another layer of uncertainty to global markets.

Year-to-date, gold is up an extraordinary 70%, putting it on track for its strongest annual performance since 1979—a historic run that underscores gold’s role as the ultimate hedge in times of economic and geopolitical stress.