US-China Tensions Rise, Gold Approaches $4,200 Per Troy Ounce!

The price of Gold (XAUUSD) continues to break its all-time high records, reaching $4,189 per troy ounce on Wednesday (October 15, 2025). This marks an increase of over $47 or 470 pips compared to the closing price from Tuesday, bringing it closer to the significant psychological level of $4,200 per troy ounce.

The escalating tensions between the United States and China raise concerns about a larger trade conflict between the two nations. President Donald Trump announced on Tuesday the impending embargo on cooking oil imports from China, following his decision to impose a 100% tariff on all products from the country, effective November 1st.

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Conversely, China has signaled that it will retaliate if these tariff increases are enforced. The ongoing trade dispute between the two countries could slow global economic growth, thereby increasing demand for Gold as a safe haven asset.