Gold Market Update: Rising Gold Prices Amid Trade Tensions and Geopolitical Developments
On October 21, 2025, the global gold market moved up. Gold spot prices climbed more than $104.69 per ounce. Trade talks and moves by large gold funds pushed prices higher.
Gold Price Movements and Key Figures
Gold prices touched a high of $4,381 per ounce and fell to $4,219 that day. In Thailand, gold bars at 96.5% purity sold for 65,800 to 66,200 Thai Baht per baht-weight. These numbers match the worldwide rise.
The SPDR Gold Trust added 11.45 tonnes of gold. Its total now nears 1,058.66 tonnes. This rise shows strong interest from big investors.
Impact of US-China Trade Relations
US President Donald Trump hinted at raising tariffs on Chinese goods. The proposed rate is 155% instead of 100%. The change may start on November 1 if trade deals stall. This news made investors see gold as a safe spot.
Trump also asked China to buy more US soybeans. China, however, buys soybeans from Brazil and Argentina. These moves create a gap in trade plans.
US policies and politics made the market shake. A government shutdown may cut jobs and stir doubts among investors.
Upcoming Diplomatic Engagements and Market Outlook
Finance leaders from the US and China will meet in Malaysia soon. Their talks come before the APEC summit. At the summit, Presidents Trump and Xi Jinping will meet. Their talks may shift gold prices later.
Analysts see gold trends as mostly up. After hitting resistance at $4,381, prices might drop to support at $4,330 or $4,300. These pauses are normal in a rising market and help buyers.
Investment Recommendations and Strategies
Experts suggest careful buying at support levels. They recommend taking profits near high points. In Thailand, buyers might invest at 66,800 Baht and aim to sell near 67,300 Baht. Investors must watch for breaks of key support as signals.
Conclusion
Geopolitical shifts and trade issues shape gold prices. The SPDR fund’s buy signals trust in gold for the long run. As leaders speak, new moves might set gold prices in the near future.
For investors and watchers, staying alert to economic signs and talks remains key in the gold market.
Source: Hua Seng Heng Daily Recap Gold Spot Report, October 21, 2025
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This article was generated by Hivebox AI in collaboration with AuCan Gold.
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