By William Collins, consultant in stock markets – Eurasia Business News, October 18, 2025. Article no 1844
Gold and silver prices slid sharply on October 17, due to heavy profit-taking by investors after recent record-high rallies. Gold dropped over 2% to around $4,213 per ounce, and silver fell nearly 6% to about $50 per ounce.
This correction follows gold’s surge to an all-time high above $4,378 per ounce earlier that week and silver’s peak near $54. The pullback was triggered by easing investor concerns over US-China trade tensions, especially after President Trump indicated that a proposed 100% tariff on Chinese goods would be unsustainable, signaling potential thaw in relations.
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Additionally, a stronger US dollar pressured precious metals prices lower because it increases the cost for holders of other currencies. The retreat is considered a technical correction after extended rallies, with investors locking in profits while geopolitical tensions and safe-haven demand have moderated. Analysts suggest gold could still have upside but expect possible correction phases ahead.
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© Copyright 2025 – Eurasia Business News. Article no. 1844
Eurasia Business News 