The post Gold climbs above $4,100 as investors brace for deeper US–China rift appeared on BitcoinEthereumNews.com.

Gold price continues to print record highs, and it passed the $4,100 milestone on Monday during the North American session, as the US-China trade war escalated last week, boosting the safe-haven appeal of Bullion. XAU/USD trades at $4,095, up nearly 2% at the time of writing. Bullion extends record-breaking rally amid tariff threats, central bank demand and ongoing US government shutdown Geopolitics plays a significant role in setting Gold prices, along with central bank buying. Last week, US President Trump threatened to impose 100% duties on China’s goods as retaliation for China’s rare earth metals export controls. Nevertheless, Trump backpedaled as he posted on Truth Social, “Don’t worry about China, it will all be fine!” The US Treasury Secretary Scott Bessent said that he still expects Trump to meet with Chinese President Xi Jinping in South Korea later this month. Meanwhile, the government shutdown will keep economic data on the backseat, as traders will be focused on politics and Federal Reserve (Fed) officials crossing the wires. Later in the day, Philadelphia Fed President Anna Paulson will cross the wires in a conference about the ‘Global Economy in Transition.’ She is succeeding Patrick Harker and will be a voter at the Federal Open Market Committee (FOMC) next year. Daily market movers: Gold rallies amid global political turmoil Bullion prices are moving in tandem as the US Dollar strengthens sharply across the board. The US Dollar Index (DXY), which tracks the performance of the buck’s value against a basket of six currencies, rallies 0.35% to 98.24. Conversely, the US 10-year Treasury note yield dives eight basis points to 4.059%. US real yields — which correlate inversely to Gold prices — are also diving nearly eight and a half bps to 1.742%. The US government shutdown is on its thirteenth day. A Bloomberg…

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Filed under: News - @ October 13, 2025 5:29 pm