WORLD (Enmaeya News) - October 28, 2025
Gold prices have fallen sharply, dropping below $4,000 per ounce this week as global tensions ease and investors move away from safe-haven assets.
On Monday, gold lost more than 3%, its biggest daily drop since 2020, and fell another 1% on Tuesday, reaching about $3,963 per ounce.
According to Reuters, the decline followed a trade agreement between the United States and China at the ASEAN Summit, which reduced fears of new U.S. tariffs and eased restrictions on rare-earth exports. The deal lowered demand for gold as a safety investment.
Experts say the next key price level to watch is around $3,830, which is the 50-day average for gold. If prices continue to slide, they could fall as low as $3,270–3,440, meaning another possible 17% drop.
Even with the recent decline, gold remains up by more than 40% this year, showing how strongly it had risen earlier in 2025.
