By William Collins, consultant in stock markets – Eurasia Business News, October 22, 2025. Article no 1848
The U.S. markets traded lower today as investors awaited Tesla’s third-quarter earnings report. The Nasdaq Composite led declines, while the Dow Jones Industrial Average and S&P 500 also slipped modestly from Tuesday’s record highs.
The Dow’s decline marked its sharpest single-day drop in nearly two weeks as industrial and financial names retreated, while the Nasdaq saw heavier pressure from large-cap technology names. The S&P 500, however, remained stable, buoyed by strength in the energy and utility sectors.
Shares in Netflix sank about 10% after the streaming company issued disappointing earnings late yesterday. GE Vernova also fell following results, while Capital One and Intuitive Surgical rallied.
Both gold and silver prices continued to ease following Tuesday’s sharp selloff, with traders taking profits after record highs earlier in the month.
Gold Prices down 0.7%
- Spot Gold: Approximately $4,057.25 per ounce, down 1.63% from the previous session.
- Gold Futures (December 2025, GC=F): Closed near $4,080.9 per ounce, down $28.2 or around 0.7% on the day.
- Daily range: Low of $4,021.2 and high of $4,175.0 per ounce.
- Price context: Gold’s slide follows a 5% drop on October 21, marking one of its steepest two‑day declines since 2020 as investors booked profits after record gains.
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Analysts attributed the continued weakness to profit taking, reduced U.S.-China trade tensions and anticipation of upcoming U.S. inflation data later in the week.
Silver Prices down 2.2%
- Spot Silver: Hovered near $51.40 per ounce, down around 2.2% from Tuesday.
- Gold/Silver ratio: About 79.0, slightly higher than the previous day, reflecting relative silver underperformance.
Market Sentiment
Out of the 78 companies in the S&P index that reported through Tuesday, a higher-than-usual 87% have beaten analysts’ earnings expectations, LSEG data shows.
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Precious metals remained volatile amid uncertainty over U.S. fiscal policy and global growth. Traders said that after October’s price surge, gold’s correction was technically overdue, though dips continue to attract long-term buyers anticipating central bank rate cuts.
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© Copyright 2025 – Eurasia Business News. Article no. 1848
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