The post Gold reverses intraday dip below $4,300, nears all-time high appeared on BitcoinEthereumNews.com.

Gold (XAU/USD) reverses an Asian session dip to the $4,280-4,279 region and climbs back closer to the all-time peak, touched earlier this Friday. The commodity is currently trading just below the $4,350 level, nearly unchanged for the day, and remains on track to register gains for the ninth consecutive week amid a supportive fundamental backdrop. Economic risks stemming from brewing US-China trade tensions and a prolonged US government shutdown continue to drive safe-haven flows towards the precious metal amid geopolitical uncertainties. Apart from this, the growing acceptance that the US Federal Reserve (Fed) will lower borrowing costs two more times this year has been underpinning demand for the non-yielding Gold. Meanwhile, dovish Fed expectations drag the US Dollar (USD) to an over one-week low, which has further benefited the commodity since the beginning of this week and contributed to the strong move up. The XAU/USD bulls seem affected by overbought conditions on short-term charts. This suggests that the path of least resistance for the bullion remains to the upside. Daily Digest Market Movers: Gold buying remains unabated amid economic risks, Fed rate cut bets US-China trade tensions escalated in recent weeks after US President Donald Trump’s threat to raise tariffs on Chinese goods to 100% in retaliation for the latter’s enhanced restrictions on the export of rare earths. Moreover, both countries announced the tit-for-tat port fees on vessels linked to each other’s fleets, fueling concerns about an all-out trade war. Adding to this, concerns that a prolonged US government shutdown would affect the economic performance, assisted the safe-haven Gold to extend its recent record-setting run. The US Senate rejected a House Republicans’ short-term funding bill, aimed to end the government closure, for the tenth time on Thursday, underscoring a deadlock in Congress. On the geopolitical front, Russia launched hundreds of…

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Filed under: News - @ October 17, 2025 4:23 am