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Gold leaps above $4,100 on Fed rate cut hopes

  • On Monday, Oct 13, 2025, gold and silver surged in domestic futures markets as gold on the MCX traded around Rs 1,23,325 per ten grams and touched Rs 1,23,680.
  • US President Donald Trump threatened a 100% tariff and export controls effective Nov 1, while China accused the US of double standards and warned of unspecified countermeasures.
  • Spot gold briefly reached an all-time high of US$4,059 and was trading at US$4,043.14 at 8.59 am, while silver rose by Rs 5,140 to Rs 1,51,606 per kg.
  • Central banks and exchange-traded funds accelerated purchases, deepening structural support as gold rose over 61% this year while investors sold equities, hitting major indexes.
  • Immediate resistance sits at $4,060–$4,080 while the $4,000 psychological floor supports prices, and Eurizon Capital projects a long-term rise to $8,500.
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In any case, the prospects for an early interest rate reduction are being better interpreted by investors in any case by Fed CEO Powell. Not only tech values but also the gold price benefit from this.

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Business Times broke the news in on Monday, October 13, 2025.
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