[Spot Gold Hits Record High of $4,250/oz] On the evening of October 16, spot gold prices surged to a record high of $4,250/oz, with an intraday increase of over 1%, before slightly retreating to $4,231/oz. Meanwhile, New York silver futures prices reached $53/oz, marking an intraday gain of 3.16%. The strong performance of the gold and silver markets reflects investors' continued demand for safe-haven assets.