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Week 41 Gold Market Recap: Record Highs, Gaza Ceasefire, and Key Economic Data Ahead

2025-10-10 16:50:57 | 浏览 60

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Gold Hits New High, Driven by Global Factors

Gold prices surged past the historic level of $4,000 per ounce, driven by geopolitical developments and economic uncertainties. Meanwhile, the US government remains in a prolonged shutdown, adding to market volatility. US President Donald Trump announced a preliminary ceasefire agreement between Israel and Hamas in the Gaza Strip, which promises immediate release of hostages and withdrawal of Israeli forces to designated boundaries, offering hope to a long-standing conflict. The market is closely monitoring follow-up developments in this peace framework, as stability in the Middle East continues to support golds appeal as a haven asset.

Upcoming Key Economic Data to Watch

Looking ahead to next week, market attention will focus on several major economic data releases. The US Federal Reserve Board will issue the Beige Book on October 15, providing qualitative analysis of the US economy, which will be an important reference for the upcoming Federal Open Market Committee meeting. The same day will see the release of the US Consumer Price Index (CPI), a critical inflation indicator with significant influence on gold prices. China will announce key data including industrial production and retail sales, while the UK will publish its Gross Domestic Product (GDP) report. These economic indicators will offer important insights into global economic health and inflation trends, affecting market sentiment toward gold.

Japan Election and Gaza Ceasefire Continue to Influence Markets

Market focus remains on Japan’s upcoming general election and the ongoing Gaza ceasefire process. Political changes in Japan are expected to impact currency markets and regional economic policies, indirectly influencing gold prices. Market participants will closely watch the election outcome for signals on economic direction and monetary policy. At the same time, developments in the Gaza ceasefire are also under scrutiny. Both events carry significant potential to affect global financial markets and investor sentiment towards gold. Stay tuned for further updates as these stories unfold.

Upway Global: Trusted Partner Through Market Dynamics

Upway Global, a leader in global precious metals trading since 2010. Anchored in values of compliance, transparency, and investor protection, Upway Global has built a robust ecosystem of over 1.2 million active traders and processed more than 600 million orders, with a monthly trading volume surpassing USD 479 billion in 2025. As an important partner, Upway Global proudly supported this milestone, reflecting both our recognition by HKGX and our commitment to Hong Kong’s long-term role as a global hub for precious metals. Highlighted Hong Kong’s “one country, two systems” advantage and its Belt and Road opportunities, reinforcing the city’s position as a super-connector between East and West.