Reporting by Anjana Anil and Sarah Qureshi in Bengaluru
Oct 16 (Reuters) – Gold soared past $4,300 an ounce for the first time on Thursday as tensions between the U.S. and China pushed investors to safe haven assets, while rising expectations of a Federal Reserve rate cut this month amplified the momentum.
Spot gold hit a record $4,312.00 per ounce while U.S. gold futures for December also hit a record high of $4,328.70 per ounce.
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