AGE Daily Gold Update

AGE Daily Gold Update presents a recap on today's action in the precious metals markets. View archives.

10/16/2025: Gold leaps above $4,280

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold leapt another 2.5% to close above $4,280, a new all-time high, as trade-war worries and soft US data stoked safe-haven demand, while a falling dollar boosted alternative assets. Silver surged 3.8% to finish at $53.02 an ounce.

Uncertainty surrounding global trade ratcheted higher today after US officials condemned Beijing for deepening restrictions on crucial rare earth exports, while China blamed the US for inflaming global tensions over supply chain disruptions. President Trump has recently threatened an additional 100% tariff on China imports, prompting tit-for-tat reactions.

Wall Street turned negative on deepening trade tensions and weaker performance by the financial sector, prompting investors to take shelter. Benchmark 10-year Treasury yields fell under 4% on flights to the perceived safety of US government debt.

Tracking lower with yields, the dollar fell another 0.3% against major rivals for its third straight day of losses. A weaker buck boosts gold and other commodities by making them less expensive in other currencies.

Further weighing on risk appetite, the Fed's Beige Book reported stagnating economic activity in 9 of the Fed's 12 regions, with slower consumer spending and accelerating inflation.

Platinum and palladium rose 4% and 3.9%, respectively.

At the New York spot close: gold gained $103.30 to $4,280.20; silver surged $1.95 to $53.02; platinum picked up $66.60 to $1,734.90; and palladium advanced $60 to $1,599.95 an ounce.