Gold Hits Record $4,171.65 as Oil Slump Fuels Safe-Haven Demand

Gold prices surged to a record $4,171.65 per ounce, driven by falling oil prices that likely eased inflation concerns and boosted real yields. The move signals strong safe-haven demand despite rising interest rates, which typically pressure non-yielding assets. The sustainability of this rally hinges on whether oil declines persist and central bank policy responds.