Gold Hits Record $4,500 as Wall Street Reaches New Heights Following Trump Tariff Delay

Spot gold prices surpassed $4,500 for the first time as the S&P 500 reached a record 6,909.79 amid a weakening U.S. dollar and holiday trading.Market momentum accelerated after Donald Trump announced an 18-month delay on additional tariffs for Chinese semiconductor chips, lowering potential costs for the automotive sector.Strong 4.3% GDP growth tempered expectations for a January rate cut by the Fed, despite ongoing public pressure from Trump on Jerome Powell.