Created
: 2025.10.15
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Forex Today: Gold climbs above $4,200, USD slides on US-China tensions
World FX news
Breaking news
Forex Today: Gold climbs above $4,200, USD slides on US-China tensions
New
2025.10.15 17:06
2025.10.15 17:06
2025.10.15 17:06
Here is what you need to know on Wednesday, October 15:
Gold extends its impressive rally to a new record-high above $4,200 on Wednesday as markets assess the latest headlines surrounding the US-China relations. The US economic calendar will feature weekly Mortgage Applications and NY Empire State Manufacturing Index data for October. Policymakers from major central banks will be delivering speeches throughout the day as well.
US President Donald Trump said late Tuesday that they were considering terminating some trade ties with China, causing the US Dollar (USD) to weaken against its rivals.
US Dollar Price This week
The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.17% | -0.03% | -0.50% | 0.33% | -0.12% | 0.32% | -0.23% | |
| EUR | 0.17% | 0.14% | -0.25% | 0.48% | 0.14% | 0.48% | -0.08% | |
| GBP | 0.03% | -0.14% | -0.36% | 0.34% | -0.02% | 0.34% | -0.25% | |
| JPY | 0.50% | 0.25% | 0.36% | 0.76% | 0.32% | 0.83% | 0.19% | |
| CAD | -0.33% | -0.48% | -0.34% | -0.76% | -0.48% | -0.00% | -0.59% | |
| AUD | 0.12% | -0.14% | 0.02% | -0.32% | 0.48% | 0.36% | -0.23% | |
| NZD | -0.32% | -0.48% | -0.34% | -0.83% | 0.00% | -0.36% | -0.59% | |
| CHF | 0.23% | 0.08% | 0.25% | -0.19% | 0.59% | 0.23% | 0.59% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
"I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act. We are considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution," Trump posted on Truth Social. At the time of press, the USD Index was down nearly 0.3% on the day at 98.76.
Meanwhile, Federal Reserve Chairman Jerome Powell adopted a neutral tone in his speech before the National Associations for Business Economics (NABE) Annual Meeting in Philadelphia on Tuesday. Powell acknowledged that downside risks to the labor market had risen, while noting that there was also a risk that the slow pass-through of tariffs could start to look like persistent inflation. "The future path of monetary policy will be driven by data and risk assessments," he added.
France's Prime Minister Sebastien Lecornu announced on Tuesday that he intends to suspend the pension reform, which was designed to raise the retirement age to 64 from 62, until after the 2027 presidential election. Later this week, Lecornu will face two no-confidence motions. After closing in positive territory on Tuesday, EUR/USD continues to edge higher toward 1.1650 in the European session on Wednesday.
Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter said early Wednesday that recent data has been a little stronger than expected, adding that inflation is likely to be stronger than forecast in the third quarter. After sliding to its weakest level since late August below 0.6450 on Tuesday, AUD/USD stages a rebound and was last seen rising about 0.5% on the day near 0.6520.
GBP/USD benefits from the selling pressure surrounding the USD and recovers to the 1.3350 region in the European morning on Wednesday.
After posting small losses on Tuesday, USD/JPY continues to stretch lower toward 151.00 in the early European session.
Gold FAQs
Gold has played a key role in human's history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn't rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country's solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Last updated
: 2025.10.15
Related articles
Forex Today: Markets await comments from central bankers, Gold renews record-high
20 minutes agoFX option expiries for Oct 16 NY cut
2025.10.16 15:28USD/CHF bounces off two-week low, down a little above mid-0.7900s
2025.10.16 14:54EUR/JPY Price Forecast: First upside barrier emerges near 177.00
2025.10.16 14:49EUR/GBP steadies near 0.8700 ahead of UK economic data
2025.10.16 14:43EUR/USD rises further to near 1.1670 as US Dollar continues to decline
2025.10.16 14:22
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Silver Price Forecast: XAG/USD stands tall above $52.50 in cautious markets
Silver (XAG/USD) rally was capped a few cents below the $55.00 level on Wednesday, pulling lower on profit-taking.
New
2025.10.16 16:21Forex Today: Markets await comments from central bankers, Gold renews record-high
Here is what you need to know on Thursday, October 16:
New
2025.10.16 16:16WTI drifts higher to near $58.40 as Trump says India will stop importing Russian oil
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.40 during the early European trading hours on Thursday. The WTI recovers from a five-month low after US President Donald Trump said Indian Prime Minister Narendra Modi had vowed to halt purchases of Russian barrels.
New
2025.10.16 15:56FX option expiries for Oct 16 NY cut
FX option expiries for Oct 16 NY cut at 10:00 Eastern Time via DTCC can be found below.
New
2025.10.16 15:28Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $58.30 per barrel, down from Wednesday's close at $58.33.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $62.18 after its previous daily close at $62.23.
New
2025.10.16 15:03USD/CHF bounces off two-week low, down a little above mid-0.7900s
The USD/CHF pair continues losing ground for the third straight day - also marking the fourth day of a negative move in the previous five - and drops to an over two-week low during the Asian session on Thursday.
New
2025.10.16 14:54EUR/JPY Price Forecast: First upside barrier emerges near 177.00
The EUR/JPY cross gains ground near 176.15 during the early European session on Thursday. The Japanese Yen (JPY) weakens against the Euro (EUR) as political uncertainty in Japan would set the stage for the Bank of Japan (BoJ) to delay raising interest rates.
New
2025.10.16 14:49EUR/GBP steadies near 0.8700 ahead of UK economic data
EUR/GBP moves little after registering losses in the previous session, trading around 0.8690 during the Asian hours on Thursday.
New
2025.10.16 14:43EUR/USD rises further to near 1.1670 as US Dollar continues to decline
The EUR/USD pair extends its two-day upside move to near 1.1670 during the Asian trading session on Thursday.
New
2025.10.16 14:22BoJ's Tamura: Central bank should push rates closer toward levels deemed neutral
The Bank of Japan (BoJ) board member Naoki Tamura said on Thursday that the central bank should push the interest rates closer toward levels deemed neutral.
New
2025.10.16 14:22Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
