Odaily Planet Daily reports that spot gold prices have broken through $4,200 per ounce, reaching a new high. Analysts say the trade standoff and rising market expectations for further interest rate cuts have fueled safe-haven buying of precious metals. Amidst ongoing trade tensions and the extended US government shutdown, investors have flocked to gold as a hedge against geopolitical uncertainty. Meanwhile, overnight remarks by Federal Reserve Chairman Powell reinforced market bets on rate cuts, putting pressure on the US dollar and further supporting gold prices. Furthermore, silver futures were also driven by safe-haven demand and tighter liquidity in the London market. (Jinshi)