The Consumer Price Index (CPI) in Belgium increased by 0.36% in October, up from -0.3% the previous month. This change indicates that consumer prices are rising. Gold prices have been fluctuating but are currently below $4,000 per troy ounce after some recent declines. The relaxation of trade tensions between the US and China, especially after a meeting between Trump and Xi Jinping, has helped stabilize gold prices.

Cryptocurrency Market

In the cryptocurrency market, Bitcoin, Ethereum, and XRP saw small gains of about 1% after earlier losses. This recovery is partly due to the easing trade tensions between the US and China following the Trump-Xi meeting. Recent discussions between the US and China resulted in agreements to lower certain tariffs and resume some agricultural exports. China cut tariffs on Fentanyl, and the US is back to exporting soybeans. Bittensor (TAO) is on the rise, nearing $450 as plans for a new Exchange Traded Product on the SIX Swiss Exchange move forward. This product will appeal to traders interested in staked investments in TAO. The recent jump in Belgian inflation to 0.36% month-over-month signals renewed price pressures in the Eurozone. This poses a challenge for the European Central Bank, which is expected to keep interest rates steady for the third consecutive meeting. The growing divide between rising inflation and a passive central bank could lead to volatility in Euro-denominated assets.

US Dollar and Trade Tensions

In contrast, the US Dollar Index (DXY) remains strong above 99.00. The Federal Reserve’s message about slower policy easing, backed by the recent US jobs report from September 2025—which showed 210,000 new jobs added—supports the strength of the dollar. This difference in policy makes shorting the EUR/USD pair via futures or buying put options a popular strategy. Gold’s struggle to stay above $4,000 is linked to the robust dollar and rising real yields. The market continues to process the de-escalation of trade tensions following the Trump-Xi meeting, an event whose impact is still visible through decreased demand for safe havens. For now, selling call options on gold priced over $4,000 seems wise for collecting premiums while the metal stabilizes. In the crypto markets, the overall sentiment is cautious, but certain assets are showing great strength. The ongoing rise of Bittensor (TAO) towards $450 is driven by the anticipated launch of a staked TAO ETP in November. We expect implied volatility to stay high, making strategies like call spreads appealing for capturing more upside while managing risk. Create your live VT Markets account and start trading now.

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