WORLD (Enmaeya News) - October 22, 2025
Gold prices steadied on Wednesday after a sharp 5% drop the previous day, as investors responded to signs of easing trade tensions between the U.S. and China.
The metal had plunged from a record high of $4,381 earlier in the week, its biggest one-day fall since August 2020.
According to CNN, the decline followed comments from U.S. President Donald Trump, who said progress was being made toward a possible trade deal with China.
The news boosted investor confidence and reduced demand for gold, which is often viewed as a safe-haven asset in times of uncertainty. Reports of a potential U.S.-India trade agreement also added to the upbeat market sentiment.
Among other precious metals, silver recovered slightly to $48.93 per ounce, while platinum slipped.
