Gold breaks $4,100 on US-China trade jitters, while silver hits all-time high

Gold broke through $4,100 per ounce for the first time on Monday, hitting another record high on renewed US-China trade tensions and expectations of interest rate cuts, while silver also rose to an all-time high. Spot gold was up 2.2% to $4,106.48 per ounce, in afternoon trading, after hitting a record $4,116.77. US gold futures for December settled 3.3% higher at $4,133. Gold has climbed 56% this year and scaled the $4,000 milestone for the first time last week, driven by factors including geopolitical and economic uncertainties, expectations of interest rate cuts and robust central bank buying. "Gold could easily…