GBP/USD falls below 1.3350 during Asian trading hours, marking five consecutive days of decline.
Gold prices in Saudi Arabia have decreased, according to the latest market information.
Gold prices in Saudi Arabia fell on Thursday, according to FXStreet. The price per gram dropped to 493.26 Saudi Riyals (SAR) from 494.20 SAR on Wednesday. The price per tola also decreased, going from 5,764.20 SAR to 5,753.25 SAR.
Gold’s pricing in Saudi Riyals is based on international rates, and prices update daily. However, they may differ slightly from local market rates.
Gold As A Protective Asset
Gold has always been seen as a way to preserve wealth and a means of exchange. People often turn to gold during market turbulence for protection. It serves as a safeguard against inflation and currency decline. Central banks are the biggest buyers of gold, purchasing 1,136 tonnes in 2022, worth about $70 billion. Countries like China, India, and Turkey are increasing their gold reserves. Gold prices typically rise when the US Dollar is weak, and they tend to move in the opposite direction of US Treasuries. Factors like geopolitical events and interest rates also affect gold prices, with lower interest rates making gold more appealing. The recent drop to SAR 493.26 per gram represents a minor dip. This should not be mistaken for a shift in the overall trend; small declines can actually provide good opportunities for new investments.US Federal Reserve’s Next Move
Attention is turning to the US Federal Reserve, with expectations of a rate cut in the first quarter of 2026. Following a long period of high rates through 2024 and much of 2025, recent US inflation slowed to 2.8% in September. This is causing a shift towards lower rates, making gold, which doesn’t yield interest, more attractive. This sentiment is weakening the US Dollar, which inversely affects gold prices. The Dollar Index (DXY) has dropped nearly 2% in the last month, moving from over 105 to about 103.2 today. A weaker Dollar means gold costs less for those using other currencies, usually driving demand up. Central bank purchases continue to support gold prices, and we’ve seen this trend strengthen since the record amounts bought in 2022. According to the latest World Gold Council data, central banks have added another 850 tonnes to their reserves in 2025, primarily from emerging markets. This consistent institutional demand helps maintain a solid price floor. Additionally, recent economic indicators suggest a slowdown, making gold an appealing safe-haven asset. The latest US Non-Farm Payrolls report was weaker than expected, and manufacturing PMI has been below the 50-point mark for two months, indicating contraction. This uncertainty encourages diversifying away from riskier assets like stocks. Considering these factors, we should prepare for potential price increases in the coming months. Derivatives traders might look to buy call options that expire in March and April 2026 to take advantage of likely rate cuts. Another strategy could be selling out-of-the-money put spreads to benefit from the expected price stability and potential gains. Create your live VT Markets account and start trading now.Gold prices in the Philippines have decreased today, according to recent data.
Gold prices in the Philippines fell on Thursday. According to FXStreet, the price per gram dropped to 7,713.80 PHP from 7,728.34 PHP the day before.
The price for a tola decreased to 89,969.55 PHP, down from 90,141.87 PHP. FXStreet updates these prices daily based on international rates, adjusted for the local currency and units.
Gold As An Economic Hedge
Gold acts as a protection against inflation and currency devaluation. Central banks from emerging economies hold large amounts of gold to strengthen their economies. The price of gold often moves opposite to the US Dollar and US Treasuries. Economic uncertainties and fluctuations in the dollar affect gold’s status as a safe investment. Many factors influence the market, including geopolitical tensions and interest rates. Investors tend to buy gold during economic instability because it offers no yield but retains value. Today, we’re seeing a small dip in gold prices, which is a common market fluctuation. This slight decline shouldn’t be viewed as a trend, but rather as a possible buying opportunity. The overall economic situation suggests strong support for gold in the coming weeks.Current Market Conditions
The current market feeling is cautious, largely due to the ongoing US government shutdown and data blackout. This uncertainty increases the desire for safe assets like gold. We expect this trend to offset today’s small price drop. In 2022, central banks bought a record 1,136 tonnes of gold, and this trend continues. Reports from early 2025 show that central banks, especially in emerging economies, are still active buyers, adding nearly 290 tonnes in just the first quarter. This steady institutional demand establishes a strong price floor for gold. The uncertainty in the US makes it less likely for the Federal Reserve to increase interest rates, which could weaken the dollar. A weaker dollar typically boosts gold prices since gold is priced in USD. This relationship is crucial as the government shutdown progresses. Given this context, we should think about buying call options on gold. This strategy allows us to benefit from potential price increases while limiting our risk. Today’s slight price drop makes entry costs for these options more appealing. For those with significant investments in stocks, now is an excellent time to hedge. Buying gold futures can safeguard portfolios against potential declines in the stock market caused by geopolitical tensions or the US situation. This acts as a smart insurance policy in uncertain times. Create your live VT Markets account and start trading now.Singapore’s Consumer Price Index surpasses predictions with a 0.7% year-on-year increase
In September, Singapore’s Consumer Price Index (CPI) rose by 0.7% compared to last year, beating expectations of 0.6%. At the same time, minutes from the Swiss National Bank eased worries about ongoing negative inflation.
The USD/CAD is staying below 1.4000, testing the lower edge of its rising channel, which suggests potential pressure. The EUR/USD dropped close to 1.1600 as the US Dollar gains strength amid trade tensions.
Oil And Forex Market Dynamics
WTI oil prices rose above $60.00 due to the impact of US sanctions on Russian crude supplies. The GBP/USD is hovering around 1.3350 because of the stronger US Dollar and anticipated cuts to the Bank of England’s interest rates. Gold prices went above $4,100 as geopolitical tensions rise and a potential US government shutdown looms. T. Rowe Price has filed for a cryptocurrency ETF as it navigates regulatory challenges. Japan’s yen is steady following the appointment of Sanae Takaichi as Prime Minister, as markets consider possible changes in fiscal and monetary policy. Additionally, Pi Network’s token is trading over $0.2000, showing signs of a potential breakout from its downward trend. With fresh trade tensions and a possible US government shutdown, there’s a noticeable flight to safety. This is supporting the US Dollar and pushing gold prices to nearly record highs, now trading above $4,100 per ounce. Derivative traders should expect ongoing volatility and consider strategies that benefit from a strong dollar and cautious market sentiment.Monetary And Fiscal Policies
The pressure on currencies like the Euro and Pound is evident. The EUR/USD is testing 1.1600, while the GBP/USD is struggling around 1.3350. There are growing expectations for a Bank of England rate cut in December, especially after UK inflation dipped below the 2% target earlier this year for the first time since 2021. This difference in monetary policy is likely to keep weighing on the Pound against the dollar. In Asia, the situation is mixed, creating chances for pair trades. The slightly higher inflation in Singapore suggests some economic resilience, even though core inflation has dropped significantly from the 4.2% average in 2023. Meanwhile, Japan’s new Prime Minister is causing uncertainty for the Yen as markets consider expansionary fiscal policy versus the Bank of Japan’s gradual normalization path starting in 2024. Commodity markets reflect both geopolitical tensions and underlying demand concerns. While US sanctions on Russian crude are keeping WTI oil prices above $60, this level is still well below the $80-$90 range seen during parts of 2023. This indicates fears of a global slowdown may be limiting further gains. Traders should monitor inventory data closely as an indicator of real-time demand changes. Even in a climate of risk aversion, interest in digital assets remains strong. T. Rowe Price’s crypto ETF filing shows that major players are still making long-term bets, despite regulatory delays due to the government shutdown. This indicates that while current trading is influenced by macroeconomic fears, fundamental shifts in finance continue. Create your live VT Markets account and start trading now.Gold prices decreased today in the United Arab Emirates, according to recent market data.
Gold prices in the United Arab Emirates dropped on Thursday. The price per gram fell to AED 482.60 from AED 483.94. The price for a tola also decreased, going down to AED 5,629.10 from AED 5,644.53 the day before.
Here are the gold prices in AED:
– 1 Gram: 482.60
– 10 Grams: 4,826.08
– 1 Tola: 5,629.10
– 1 Troy Ounce: 15,009.49
Gold prices increased over 50% in 2025, marking a rise greater than during previous major events.
US Plans to Limit Software Exports
The US government is considering limiting software exports to China in response to China’s restrictions on rare earth exports. The US government has been shut down for four weeks now, making it the second-longest shutdown in history. The recent drop in gold prices is seen as a technical adjustment due to profit-taking after a long period of high prices. Even with this decline, gold has risen about 55% this year. There is a 97% chance of a 25 basis point rate cut, according to futures for Fed funds. FXStreet updates international gold prices (USD/AED) for the local UAE currency based on market rates. These prices may vary locally and should be used as a reference only. Despite the slight drop, the 55% rise in gold this year indicates that the price decrease is likely just profit-taking. Strong support for gold remains due to rising trade tensions with China and the ongoing US government shutdown. This small pullback could be an opportunity to buy rather than a trend reversal.The US Economic Situation
The US government shutdown is causing major economic uncertainty, leading to expectations for a Federal Reserve rate cut. This expectation is now at 97% following last week’s weak job data. Similar Fed pivots in the past, like in 2019, preceded strong rallies in precious metals. Ongoing stalled discussions between the US and China are driving investors to seek safe-haven assets like gold. Data from the World Gold Council shows that in Q3 2025, central bank purchases reached a record 350 tonnes, outpacing even the aggressive buying seen in 2022. Market anxiety is becoming more apparent as the VIX volatility index remains above 25, a level not seen since the 2020 pandemic. In the derivatives market, trading in call options for major gold ETFs is significantly higher than put options, especially for contracts expiring in January 2026. This suggests traders believe that current geopolitical and economic risks will increase gold prices in the coming months. Create your live VT Markets account and start trading now.Dividend Adjustment Notice – Oct 23 ,2025
Dear Client,
Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume”.
Please refer to the table below for more details:
The above data is for reference only, please refer to the MT4/MT5 software for specific data.
If you’d like more information, please don’t hesitate to contact [email protected].
Gold prices decline in Pakistan based on recent data from various sources
Gold prices in Pakistan fell on Thursday. The price for a gram dropped to PKR 37,177.11 from PKR 37,270 the previous day. The price for a tola also decreased, going down to PKR 433,629.20 from PKR 434,709.90.
Globally, the gold market is down as traders take profits. Even with this drop, gold prices are still up about 55% this year. The U.S. is dealing with economic issues due to a government shutdown and trade tensions with China.
Central Banks Increasing Gold Reserves
Worldwide, central banks, especially in emerging economies, are boosting their gold reserves. In 2022, they added 1,136 tonnes. Gold serves as a protection against inflation and currency decline, often moving in the opposite direction of the U.S. Dollar and U.S. Treasuries. Gold prices usually rise during geopolitical tensions or when interest rates drop. The price of gold mostly depends on the strength of the U.S. Dollar since it is priced in dollars. A weaker dollar typically leads to higher gold prices. After a historic 55% increase this year, some traders are taking profits. This recent dip seems to be a technical correction, and the long-term trend for gold remains positive. Traders should see this as a time of consolidation, not a significant drop.Market Reactions to Economic Indicators
The market is currently anticipating a 97% chance of a 25-basis-point rate cut from the Federal Reserve, which supports gold prices. We’ve seen similar trends before, such as during the rate cuts in 2019, which led to a big increase in gold prices. A weaker dollar after the Fed’s decision may provide further support. The ongoing U.S. government shutdown, now in its fourth week, is increasing safe-haven demand. During the long shutdown in late 2018 and early 2019, gold prices rose steadily by over 4% due to political uncertainty. Until a funding solution is found, this instability helps maintain gold prices. U.S.-China trade tensions are also making markets nervous, with new export threats keeping investors anxious. The CBOE Volatility Index (VIX) is above 20, showing high investor concern. The upcoming meeting between the U.S. and Chinese presidents could lead to unexpected market movements. We should also note the ongoing demand from central banks, which supports gold prices in the long run. Recent data from the World Gold Council for Q3 2025 indicates that central banks added another 250 tonnes to their reserves, continuing the buying trend seen since 2022. This steady demand helps offset speculative selling. With these mixed signals, there are opportunities in the options market to manage risk and prepare for future moves. Buying long-term call options allows investors to benefit from the strong upward trend while limiting risk. On the other hand, short-term put options could effectively protect against further profit-taking or a decline in U.S.-China negotiations. Create your live VT Markets account and start trading now.Nasdaq 100 nears record highs despite government shutdown, fueled by market sentiment and liquidity
The Nasdaq 100 is gaining momentum for a possible breakout above 25,392, aiming for new highs as demand for tech remains strong and liquidity pressures continue. The ongoing U.S. government shutdown has resulted in a data blackout, increasing uncertainty and market volatility. Despite this, the index is still trending positively, supported by H4 Fair Value Gaps (FVGs), which are short-term support areas but could lead to declines if they break.
**Approaching Record Highs**
The index is getting close to its record highs while the U.S. government is partially shut down, pausing the release of economic data. Market activity is driven by price action and sentiment, as no new economic updates are available. The bullish trend is supported by steady corporate earnings and easing trade tensions. However, the absence of fresh data invites the possibility of volatility spikes.
Currently, the Nasdaq 100 is stabilizing below its peak at 25,392.88, held up by two H4 FVGs. These areas are viewed as potential support zones, but if they do not hold, the market could decline. If the upper FVG (25,289–25,239) remains intact, there’s a chance of reaching new highs, targeting 25,700–25,800. If both FVGs fail, the downside could drop to 25,152 or even lower.
Right now, the market is influenced mainly by technical factors due to the lack of economic data. FVGs are crucial for determining market direction, and any break could trigger significant movements. In this data void, price action provides clues for future trends, indicating that tension is building for the next major shift.
With the U.S. government shutdown now in its fourth week, we lack key economic data like CPI and retail sales. The Nasdaq 100 is stable near its all-time high, but this stability is precarious, relying more on technical support than solid fundamentals. Without information, we must focus on price action and institutional trends for insight.
**Context & Implications**
To provide context, recent private-sector data has been mixed, adding to the uncertainty. Last week’s ADP private payroll report indicated a surprising addition of 195,000 jobs in September, explaining some of the market’s persistent optimism. However, the University of Michigan’s consumer sentiment survey showed a significant drop, as households worry about the shutdown’s effects, indicating that underlying risks are rising.
Historically, markets often overlook political standoffs, assuming a resolution is certain. For example, during the 16-day shutdown in October 2013, the S&P 500 actually increased by over 3% in that time. This history is likely encouraging investors to maintain their positions, betting that a future resolution will spark a relief rally.
For bullish options strategies, the focus should be on the Fair Value Gaps at 25,289 and 25,212. As long as the Nasdaq 100 stays above these levels, buying call options or maintaining long futures positions is advisable, using these areas for risk management. A clear break above the 25,392 all-time high would signal an opportunity to add to long positions, possibly pushing shorts to cover and accelerating gains.
On the flip side, we must be ready for a potential downturn if institutional support weakens. Closing below the 25,212 level would be a serious warning, indicating that sellers are gaining control. In this case, buying protective puts with strike prices around 25,150 or 25,000 could provide a valuable hedge against a quick correction once economic data is finally released.
Given the data blackout, volatility remains the biggest uncertainty, and implied volatility on options is likely high. The Fair Value Gaps will be the key battleground; maintaining levels indicates strength, while a break suggests a retreat. Until Washington reopens and data flow resumes, our trading strategies will rely heavily on these important technical levels.
Create your live VT Markets account and start trading now.
EUR/JPY weakens to around 1.1590 in Asia as new sanctions against Russia are imposed
The EUR/JPY dropped below 1.1600 to about 1.1590 during Asian trading on Thursday. This change happened as the Euro lost value against the Japanese Yen, following new sanctions by the European Union against Russia related to the ongoing conflict in Ukraine.
The EU and the US imposed these sanctions due to concerns that Russia is not genuinely trying to resolve the conflict. Meanwhile, we await the Eurozone’s Consumer Confidence data, which adds more pressure on the Euro.
Impact of Economic Policies
The EU’s actions are likely to strengthen the Yen as traders seek safer investments amid economic worries for the Eurozone. At the same time, Japan’s new Prime Minister is planning a stimulus package that could surpass last year’s $92 billion, which might also influence the Yen’s value. Economists predict that around 60% expect the Bank of Japan to raise rates by 25 basis points this quarter. By March, about 96% expect at least a 25 bps increase in borrowing costs, indicating upward trends in rates. The Yen’s value hinges on Japan’s economy, the Bank of Japan’s (BoJ) policies, bond yield differences, and overall market sentiment. The BoJ’s past policies have led to the Yen’s decline, but recent adjustments are providing some support. In times of global market stress, the Yen remains a go-to safe-haven currency. As of today, October 23rd, 2025, the Euro is weakening due to the new sanctions on Russia. This geopolitical tension is driving traders to safer assets and benefiting the Japanese Yen. We’re closely monitoring the Eurozone Consumer Confidence data due later today for signs of further economic slowdown.Market Sentiment and Strategies
The economic outlook for the Eurozone seems tough, creating headwinds for the Euro. Recent data shows Q3 GDP growth at just 0.1%, while September’s inflation remains high at 3.5%, indicating potential stagflation. These factors contribute to a bearish outlook for the Euro in the coming weeks. In Japan, the decisions from the Bank of Japan will be crucial. After ending its extremely loose monetary policy in 2024, expectations are rising for a rate hike this quarter, which would strengthen the Yen further. Minutes from the BoJ’s September meeting, released last week, showed a growing hawkish sentiment among board members focused on tackling inflation. However, we must also keep in mind the new government’s fiscal plans. Prime Minister Takaichi’s proposed stimulus package may conflict with the central bank’s tightening approach. Japanese 10-year bond yields are already rising to 1.15%, as the market reacts to the possibility of increased government spending and debt. For derivative traders, this environment suggests that buying put options on EUR/JPY could be a smart strategy. This allows traders to take advantage of potential downturns in the currency pair, while limiting losses if Japan’s stimulus unexpectedly weakens the Yen. Given the clear downward trend, this provides a controlled way to capitalize on the ongoing market tension. Create your live VT Markets account and start trading now.Gold prices in India decreased today, according to data from various sources.
Gold prices in India fell on Thursday. The cost per gram dropped to 11,541.37 Indian Rupees (INR), down from 11,580.38 INR the day before. The price per tola also declined, going from INR 135,066.80 to INR 134,673.20.
In response to China’s limits on rare earth exports, the US government is considering a plan to restrict software-powered exports to China. This news comes during a US government shutdown that has now lasted four weeks, with the Senate set to vote on a funding bill that is expected to fail.
