Daily Market Analysis (10.08.2025) | zForex.com | Metals Mine

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Daily Market Analysis (10.08.2025) | zForex.com

  • #1
  • First Post: Oct 8, 2025 2:23am Oct 8, 2025 2:23am
Global Markets Shift as Gold Tops $4,000 (10.08.2025)

The euro slipped to around $1.1620 as political turmoil in France continued to pressure sentiment, while the yen fell past 152 per dollar after weak wage data reduced hopes for Bank of Japan tightening.

Gold extended its record-breaking rally beyond $4,000 amid global uncertainty, though overbought conditions hinted at a possible pullback. Sterling eased to $1.3390 on renewed BoE rate cut expectations, and silver steadied near multi-year highs, with technical indicators suggesting caution despite the ongoing uptrend.

Technical Outlook on Charts
Euro Slips on French Political Turmoil
Weak Pay Growth Pushes Yen to Lowest
Gold Rally Extends Beyond $4,000 Amid Global Uncertainty
GBP/USD Slips to 1.3390 Amid Rate Cut Expectations
Silver Steady at Highs, RSI Warns of Caution Ahead
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  • #2
  • Last Post: Oct 8, 2025 4:02am Oct 8, 2025 4:02am
Gold Hits Record High, Eyes $4,200 First Then $4,600

Gold surged above $4,040 per ounce, setting a new record high as global uncertainty and the Fed’s dovish stance drove investors toward safe-haven assets. With the U.S. government entering its second week of partial shutdown, key economic data releases have been delayed, making it harder to assess the economic outlook.

Markets are currently pricing in 25-basis-point rate cuts for both October and December. Political turmoil in France and leadership changes in Japan are further adding to global uncertainty.

Gold has gained more than 50% this year, supported by trade tensions, geopolitical risks, a weaker dollar, and central bank purchases. In September, gold-backed ETFs recorded their largest inflow in three years.

The next targets for gold are at $4,200, followed by $4,600, as the bullish momentum remains strong.
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