Gold prices have surged to a new record high, driven by increasing tensions between the United States and China and expectations of further interest rate cuts by the Federal Reserve. Bullion reached a peak of $US4185 an ounce. Silver also saw gains after a volatile session, having briefly spiked to an all-time high above $US53.54 an ounce before retreating, suggesting a potential easing of a historic squeeze. US Treasury yields fell to their lowest levels in weeks on Tuesday, following comments from Federal Reserve Chair Jerome Powell indicating that the central bank is likely to implement another quarter-point rate ... (full story)