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Gold and Silver Prices Plunge Amid Strong US Dollar Influence
2025-10-22 12:29:10
Economy
Finance
Asia

Gold and Silver Prices Plunge Amid Strong US Dollar Influence

Recent market activity has seen a significant decline in gold prices, reflecting the largest daily loss since 2013. This sharp drop of 6.4% can be attributed to the strengthening of the US dollar, which diminishes gold's appeal in foreign markets.

Silver experienced a similar fate, plummeting 8.7%, marking its steepest decline in two years. The fall has negatively impacted Chinese gold producers, who saw their shares slump following a remarkable rally earlier in the year.

Investors have begun to take profits, responding to the shifting economic landscape. While the decrease has been notable, experts anticipate continued volatility, suggesting that dips may attract buyers seeking opportunities in the precious metals market.

Related news on that topic:

Italy's Stock Market Rises as Gold Prices Plunge and Crypto Soars

European markets displayed a cautious recovery with Italy's stock exchange leading the way, buoyed by gains in bank and energy sectors. The DAX index in Germany saw a slight decline, highlighting a mixed performance across Europe. Meanwhile, gold prices experienced a significant drop after reaching record highs, reflecting a broader correction in the precious metals market. Analysts predict further declines in gold prices amid increased volatility and a stronger US dollar, which dampens demand. This downturn in gold, which has risen sharply this year due to safe-haven buying amid geopolitical tensions, has sparked a notable shift toward alternative assets, particularly cryptocurrencies. Bitcoin, in particular, has seen a surge as investors reassess their portfolios. Upcoming earnings reports from major companies and potential diplomatic meetings between global leaders could influence market sentiment further. As investors navigate these fluctuations, attention remains focused on the Federal Reserve's next moves in light of uncertain economic indicators.

Can Bitcoin's Rise to $110,000 Signal Gold's Decline?

Bitcoin's recent surge to $110,000 highlights a significant divergence from gold, which experienced a sharp 5.5% decline, marking its steepest drop in five years. Analysts note the volatility in both markets, with predictions of potential bearish trends for gold alongside Bitcoin's resilience. Binance co-founder Changpeng Zhao remains bullish, suggesting Bitcoin could eventually eclipse gold's $30 trillion market value, while others caution on the crypto's near-term performance. Amidst this backdrop, social media figure Andrew Tate anticipates a potential drop to $26,000 for Bitcoin, blaming excessive optimism among traders. The contrasting fortunes of gold and Bitcoin reflect broader economic uncertainties and shifting investor sentiments.

Read 2 more recent news on this topic

The press radar on this topic:

focus
21. Oktober 2025 um 15:44

Gold price falls sharply by 6.4% - largest daily loss since 2013

The gold price has fallen by 6.4%, which represents the largest daily loss since 2013. The silver price fell by 8.7%, the highest decline since 2021. The price drop is linked to the rise in the US dollar price, as a stronger dollar makes gold more expensive in other currency areas and reduces demand.
China Economy - South China Morning Post
22. Oktober 2025 um 04:43

Explainer | Gold slumps after record highs. Why does Ray Dalio advocate for the precious metal?

The price of gold fell 6.3% on Tuesday, its sharpest one-day slump in over a decade. Billionaire investor Ray Dalio advocates for holding gold due to its 'money-like' qualities and ability to serve as a diversifier during economic downturns or wars. Dalio views gold as a sound fundamental investment that settles transactions without creating debt, unlike cash and short-term credit.
VnExpress English
22. Oktober 2025 um 07:58

Vietnam gold prices decline

Vietnam's gold prices declined on Wednesday morning, with the Saigon Jewelry Company gold bar price dropping 2.1% to VND149.3 million per tael. This decrease follows a global trend, as spot gold fell 0.4% to $4,109.19 per ounce due to easing U.S.-China trade tensions and investors taking profits after the record rally. Analysts expect further volatility but predict dips will still be bought.
Business - South China Morning Post
22. Oktober 2025 um 07:00

Chinese gold producers tumble after bullion’s biggest drop in 12 years shatters record run

Gold prices plummeted 5.3% in their biggest single-day drop since 2013, causing Chinese gold producers such as Zijin Mining, Shandong Gold Mining, and Chifeng Jilong Gold Mining to slump by up to 3%. The decline followed a 66% rally this year, with investors taking profits from the surge. Spot gold traded at US$4,102.74 an ounce on Wednesday.
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