Shotlist FILE: Istanbul, Türkiye - April 5, 2024 (CCTV - No access Chinese mainland) 1. Various of gold bars, gold coins FILE: Tokyo, Japan - July 12-14, 2024 (CCTV - No access Chinese mainland) 2. Various of gold bar, fine gold FILE: China - Date Unknown (CCTV - No access Chinese mainland) 3. Various of gold bars FILE: Seoul, South Korea - Sept 2025 (CCTV - No access Chinese mainland) 4. Various of gold rings for sale 5. Various of gold bars FILE: Beijing, China - Sept 4, 2025 (CCTV - No access Chinese mainland) 6. Various of customers shopping for gold jewelry FILE: Tokyo, Japan - Sept 10, 2025 (CCTV - No access Chinese mainland) 7. Salesperson talking with customer at jewelry store 8. Gold jewelry for sale FILE: Dubai, UAE - Sept 2025 (CCTV - No access Chinese mainland) 9. Various of counter clerks sorting gold jewelries Storyline Gold futures and spot prices surged to record levels this week, driven by rising geopolitical tensions and expectations of a U.S. Federal Reserve rate cut. Gold prices on the New York Mercantile Exchange (NYMEX) reached new historic highs on Sunday. The most actively traded February 2026 gold futures contract briefly surpassed 4,430 U.S. dollars per ounce during intraday trading. In London, spot gold prices also broke records, crossing the 4,400 U.S. dollars per ounce mark on Monday local time. According to U.S. media reports, the sharp rally in gold is mainly attributed to intensifying geopolitical tensions and growing market expectations of further interest rate cuts by the Federal Reserve.