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Week 44 Gold Market Recap: Gold Market Reacts to Historic US-China Trade Truce and Federal Reserve Rate Cut Amid Global Uncertainty

2025-10-31 14:44:15 | 浏览 57

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This week, the gold market navigated through notable volatility amidst a blend of geopolitical breakthroughs and monetary policy shifts. Gold prices experienced a technical correction after reaching an intraday high of nearly $4,382 per ounce earlier this month, pulling back to about $3,900. While seasonal headwinds typical of October contributed to some profit taking, underlying structural drivers remain firmly bullish as investors weigh ongoing risks from inflation, currency fluctuations, and global uncertainty.

Consensus Reached in China-US Meeting

A highlight of the week was the historic meeting between President Xi Jinping? and U.S. President Donald J. Trump? in Busan, South Korea, on October 30. The leaders agreed on a yearlong trade ceasefire and rolled back tariffs, significantly easing trade tensions. This development has injected optimism into the markets and is expected to improve global trade prospects, an important factor underpinning precious metals demand.

Federal Reserve Announces Rate Cut

On the monetary front, the Federal Reserve cut interest rates by a quarter-point to a range of 3.75%-4.0%, marking the first-rate reduction in nearly three years. However, Chair Jerome Powell? signaled caution, emphasising economic uncertainty due to a prolonged government shutdown and unavailable key employment data, and did not guarantee further cuts this year. This cautious stance subdued hopes for aggressive easing but confirmed a pragmatic approach toward sustaining economic stability.

Multiple Key Economic Data Releases Next Week

Looking to next week, the gold market is poised to react to fresh economic data releases from the U.S., including inflation reports and Employment Report (Nonfarm Payrolls), provided they are unaffected by the shutdown. Additionally, any further developments in U.S.-China relations will be closely watched. Overall, gold holds strong as a safe haven amid complex global dynamics, with market participants balancing short-term corrections against a positive medium-term outlook.

Upway Global: At the Forefront of Gold Trading and Market Excellence

As one of the elite members of the Hong Kong Gold Exchange (HKGX) with AA operation status (Membership No. 084) and a core member of the Bullion Group, Upway Global was recently awarded the prestigious "Authorised Good Delivery Bars Minter" certification—the highest standard in refining and delivery of physical gold bars, confirming its capability to produce gold bars that meet international purity and quality standards. This recognition signifies Upway Global’s commitment to upholding industry-leading professionalism and integrity while reinforcing Hong Kong’s position as Asia’s global gold trading hub.

Demonstrating robust market strength, Upway Global’s daily transaction volume recently surpassed USD 80 billion, setting a record and underscoring its role as a market leader. With over 1.2 million active traders and a cumulative order volume exceeding 600 million, Upway Global continues to foster a trading ecosystem characterised by transparency, security, and efficiency. The company’s average monthly trading volume in 2025 exceeded USD 506 billion, making it the top performer on the HKGX platform.