Commodities news

A spike in US and China trade tensions over rare earths has ignited fresh volatility.

Traders react with cautious optimism to the news of a ceasefire between Hamas and Israel as the US government shutdown continues to cloud the outlook for rates

Gold (XAU/USD) is currently trading at $3,982.94 (as of 6:12pm UTC, 7 October 2025), after briefly crossing $4,000 per ounce for the first time during the session.

Several powerful tailwinds have pushed gold prices to the highest level in history.

Silver outshines gold as lower real yields, AI and solar demand, and tight supply drive gains. Watch $46 support and $48.70 resistance as momentum stays firm

US data delay leaves markets focused on FOMC speakers and news headline with Japan in focus after their leadership change

The government shutdown is expected to have a limited impact on markets as the tangible effects on growth are small, but gold is likely to remain bid as traders sell some risk

The US Government heads for another shutdown, potentially delaying economic data and leading to permanent lay-offs.

Technical overview remains bullish in both daily and weekly time frames, and trader bias remains heavy to extreme buy.

US equities continue their move higher as PCE shows prices were stable in August, focus now shifts to the NFP data on Friday