Gold Daily | Spot Gold Hits Record High as US-China Tensions and Fed Rate Cut Expectations Drive Surge

Generated by AI AgentMarket Brief
Monday, Oct 13, 2025 8:01 am ET1min read
Aime RobotAime Summary

- Global gold prices hit a record $4,074.02, driven by US-China tariff threats and Fed rate cut expectations.

- Technical analysis shows overbought RSI levels and a bullish ascending channel with key support at $3,939.

- Geopolitical tensions, central bank demand, and Fed dovishness fueled a 53% annual gold surge.

- Analysts project $4,200 targets despite short-term corrections, citing persistent macroeconomic uncertainties.

- October 24 US CPI data will be a critical near-term indicator for gold's trajectory.

【Latest Gold Price and Recent Trends】

International gold prices climbed to a new record high, driven by the threat of additional US tariffs on China and increased rate cut expectations by the Federal Reserve. Spot gold rose 1.4% to $4,074.02, with an intraday high of $4,079.62.

【Technical Analysis】

The RSI for both gold and silver indicates they are in overbought territory, suggesting potential short-term pullbacks. Gold's daily chart remains in an ascending channel, with potential to test $4,100 and $4,138. On a 4-hour chart, support at $3,939 has helped maintain its upward trajectory.

【Market Sentiment and Economic Background】

Geopolitical tensions, strong central bank purchases, and the Fed's dovish stance have bolstered gold's appeal this year, with a 53% rise. Expectations of Fed rate cuts in October and December add to this sentiment. The upcoming US CPI data on October 24 is a key short-term focal point.

【Analyst Opinions】

UBS and other analysts highlight strong investment demand and central bank buying as supportive for gold, with targets of up to $4,200. Despite potential short-term corrections, the overall bullish trend remains, with geopolitical and economic uncertainties providing a strong backdrop for continued gains.

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