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As on : 24-Oct-2025
Other Markets - Bullion Markets
24-Oct-2025     14:11


Gold cools after record run; CPI report in spotlight

Gold prices slipped below $4,100 per ounce on Friday as investors took profit following a powerful rally that recently drove the metal close to $4,400. Even with the pullback, gold remains about 55% higher year-to-date, supported by heightened global trade tensions and ongoing geopolitical risks. Markets are closely watching next week's Trump'Xi trade talks, while fresh US sanctions on Russia have added to the uncertainty. Expectations that the Federal Reserve will deliver two more rate cuts by year-end continue to support bullion. However, a stronger US dollar this week kept upside in check, with the dollar index holding near 99. All eyes are now on the key US CPI report due later today, which could influence the outlook for interest rates and market sentiment.

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