(Reuters) -Gold prices pierced the $4,200 mark for the first time to set a fresh record high on Wednesday, as renewed U.S.-China trade tensions exacerbated existing global uncertainties, alongside increased bets on further U.S. Federal Reserve rate cuts.
Spot gold was up 1.4% at $4,199.99 per ounce by 0659 GMT, after hitting an all-time high of $4,200.11. U.S. gold futures for December delivery gained 1.3% to $4,218 per ounce.
(Reporting by Anmol Choubey in Bengaluru; Editing by Harikrishnan Nair)
