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Week 42 Gold Market Recap: Powell’s Outlook and Tariff Escalations Drive Market Jitters; Gold Hits New Record High

2025-10-17 13:59:05 | 浏览 107

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As a top-tier member with AA operation status (membership no. 84) in Hong Kong Gold Exchange (HKGX),


Powell’s Economic Outlook Offers Market Relief

Federal Reserve Chair Jerome Powell delivered a cautious yet reassuring outlook, signaling the Fed may soon end its balance sheet reduction. His remarks eased fears of extended tightening. Market consensus anticipates interest rate cuts in upcoming meetings to balance inflation control with supporting the labor market.

US Imposes 100% Tariffs on Chinese Imports, Escalating Trade Dispute

Further increasing market unease, the US government announced a 100% tariff on selected Chinese imports, effective on 1st November. This dramatic escalation followed China’s recent export controls on critical minerals, essential to multiple industries. The tit-for-tat trade measures have heightened concerns over a deepening trade war, significantly impacting global supply chains and adding pressure to financial markets.

Market Volatility Surges Amid Trade Tensions

This week, the financial markets experienced significant turbulence as the VIX, often called the market’s “fear gauge,” surged to 25, reaching a six-month high. The sharp rise in volatility signals growing investor anxiety amid escalating geopolitical risks and renewed US-China trade tensions. Historically, a rising VIX has been closely linked to investors seeking safety in assets like gold, causing gold prices to rise alongside increased market uncertainty.

Gold Surges as a Trusted Safe-Haven Asset Amid Uncertainty

Gold, widely regarded as a safe-haven asset, continued its upward trajectory, breaking through the $4,300 per ounce mark. Its intrinsic value as a physical asset, scarcity, and ability to hedge against inflation and currency fluctuations make it a preferred safe-haven during times of economic and geopolitical stress. Silver similarly surged to $53 per ounce, reinforcing precious metals’ status as reliable stores of value.

Economic Data and Corporate Earnings to Watch Next Week

Next week, investors will focus on the Bank of Canada’s interest rate decision, expected later in the week, as well as key economic indicators like the Eurozone’s PMI. Major U.S. companies including 3M, AT&T, GE, IBM, Blackstone, and Tesla are set to release earnings, which will further influence market sentiment amid ongoing geopolitical uncertainties.

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 a top-tier member with AA operation status (membership no. 84) in Hong Kong Gold Exchange (HKGX), 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.