empty
 
 

2025.10.2401:55:51UTC+00Gold Poised to Break Nine-Week Winning Run

Gold prices experienced a decline to approximately $4,110 per ounce on Friday, poised to break a nine-week pattern of gains. This drop was driven by substantial selling pressure following a series of record highs in previous sessions. Early in the week, gold prices plummeted over 5%, marking the most significant intraday loss in five years. This downturn coincided with notable withdrawals from gold-backed exchange-traded funds (ETFs), which recorded their largest single-day reduction in holdings by tonnage in five months. Despite this, gold has risen about 55% for the year, underpinned by continuous trade tensions. Attention now turns to the forthcoming trade talks between President Trump and President Xi next week. Additionally, geopolitical risks have been exacerbated by new U.S. sanctions on Russia aimed at compelling Moscow towards a Ukraine ceasefire. In parallel, market expectations for two additional Federal Reserve rate cuts by year-end have provided ongoing support for bullion. Investors are currently anticipating today's critical Consumer Price Index (CPI) report, which could have implications for future monetary policy decisions.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback