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[Analyst: Gold Trends Influenced by Rate Cut Expectations and Trade Situation] On October 16, international spot gold prices hit a record high for the fourth consecutive day, reaching $4,256.21 during intraday trading, driven by escalating trade tensions and the U.S. government shutdown fueling safe-haven demand. OANDA analyst Zain Vawda stated that gold's future trend will be influenced by the 2026 rate cut expectations and trade developments, the latter of which could help gold prices surpass $5,000 per ounce. He believes that short-term pullbacks may be temporary, with bullish investors likely to use the pullbacks as an opportunity to re-enter the market.