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Gold crashes 2% from record high as Trump tempers threats on China
Gold price (XAU/USD) falls 2% after reaching a record high at $4,379 earlier on Friday, tumbles below $4,250, sponsored by US President Donald Trump's comment that triple-digit tariffs on China are unsustainable. At the time of writing, Bullion prices hover at around the $4,230 - $4,240 range. The Greenback is recovering some ground, a headwind for Gold prices. Yet the biggest move is seen at US Treasury yields, with the 10-year T-note yield up nearly three basis points. US President Donald Trump commented that elevated threatened tariffs on China were not viable and most likely would increase tensions between the ... (full story)
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From cbsnews.com | Oct 18, 2025
As economic uncertainty deepens the rush for gold continues, with the price of the precious metal this week topping $4,300 for the first time. The going price for New York spot closed at a record $4,326 per troy ounce on Thursday. Futures also traded as high at more than $4,344 per troy ounce Thursday, before falling below the $4,300 mark Friday morning. ...
From think.ing.com | Oct 17, 2025
Gold and silver hit another record high this morning, topping the all-time peak set just yesterday, with spot prices jumping to $4,379.93/oz and $54.4/0z, respectively. The rally is driven by concerns over economic credit quality, expectations of continued Fed easing, and escalating US-China trade tensions. Two regional banks disclosed loan issues tied to ...
