Gold prices jumped past $4,000 per ounce and drew fresh interest from investors. SPDR Gold Trust, the largest gold-backed ETF, changed from selling to buying more gold. Global shifts in money choices and world events push more people to choose gold as a safe asset.
On October 30, 2025, gold jumped after the U.S. Federal Reserve cut rates by 0.25%. On October 31, early Asian trading saw spot gold reach about $4,028.90 per ounce—a rise of roughly $3.30 from the previous U.S. market close. This rise came after prices dropped near $3,900 amid fears about the U.S.-China trade deal.
SPDR Gold Trust bought almost four metric tons of gold in one session. This jump raised its total holdings to over 1,040 tons. The move reflects investors protecting their funds in uncertain times.
A high-level meeting took place between U.S. President Trump and Chinese President Xi in South Korea. Trump showed hope, yet official reports revealed that the meeting set few clear plans. U.S. tariffs on Chinese goods fell from 57% to 47%. China promised to import more U.S. soybeans, to reopen exports of rare earth minerals, and to tighten rules on the trade in fentanyl. The lack of detailed plans made many doubt these moves, so investors turned to gold.
Some experts saw limits in the trade deal and watched U.S. stocks fall as risk dropped. Gold held fast as a shelter for money. Jeffery Christian, a fund manager at CMP Group, said that doubts about a lasting trade agreement made many seek safety in gold.
Monetary factors also changed the scene. The Fed’s rate cut made gold more appealing because gold does not yield a return. Fed Chair Jerome Powell spoke with care about inflation and data issues caused by a government shutdown. These cautious remarks meant future rate cuts remained uncertain, which added more steps for market watchers.
At the same time, the U.S. dollar grew by over 0.3% to above 99.5 points. This rise usually pushes gold prices down. Still, gold kept its gains, a sign that demand stayed strong.
On the broader market, silver also went up. Its price climbed by about 2.5% to near $49 per ounce as similar forces pushed both metals upward.
Experts now expect gold to rise further. Wells Fargo Investment Institute raised its forecast for gold in 2026 to between $4,500 and $4,700 per ounce—a shift from earlier views of $3,900 to $4,100. They see ongoing global strains and money challenges as fuel for more gold buying by private and official groups.
The recent events show that gold remains a safe asset in hard times. The return of buying in major ETFs like SPDR Gold Trust tells us that many view gold as a key part of risk management. Global talks, careful money policy, and changing stock markets have restored gold’s place as a safe haven in uncertain times.
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📝 About This Article
This article was generated by Hivebox AI in collaboration with AuCan Gold.
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