India, Oct. 15 -- Gold prices rose to a fresh record to just shy of the $4,200-per-ounce levels on Wednesday, after Jerome Powell hinted at more US Fed rate cuts and amid US-China trade war.

Spot gold was up 0.9% at $4,178.15 per ounce, as of 0448 GMT, after hitting a record high of 4,186.68 earlier in the session. US gold futures for December delivery gained 0.8% to $4,197.50.

Silver price rose 1.4% to $52.17, after having hit a record high of $53.60 on Tuesday, tracking gold's rally and on tightening supply in the spot market.

Platinum climbed 0.7% to $1,648.80. Palladium rose 0.2% to $1,528.68.

Despite the US government shutdown cutting off official economic data, "the outlook for employment and inflation does not appear to have ch...