Gold marches past $4,300/oz on Fed rate cut bets, Sino-U.S. tensions

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 XAU= hit a record $4,312.00 per ounce while U.S. gold futures GCv1 for December also hit a record high of $4,328.70 per ounce.